Don’t Forget About the Parking!

Before you sign a lease for the perfect new space for your office, make sure you assess the parking situation. Obviously most office buildings provide some type of on-site parking whether it’s a surface lot or a parking garage. You need to determine 1.) is the parking adequate for my needs, 2.) what are my rights, and 3.) if it’s an additional cost, over and above the rent, is it fairly priced. Tour The Parking Facility A necessary part of any building tour also includes touring the parking facility. As you go through with the landlord consider the following basics:…
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Benefits Of A Sublease

Finding ideal office space is time-consuming and costly. If you’re faced with a situation where you need to find space quickly, don’t overlook subleasing. A sublease may be the perfect short-term option and may well turn out to be a longer term solution. Listed below are several advantages to sub leasing office space. Sub leases are Short-Term - One major benefit of a sublease is that it's generally a short-term lease. This allows a company the flexibility of moving somewhere but not committing themselves long-term until they have a better handle on whether the amount of space, the location, the…
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How Technology Boosts Commercial Real Estate

Advancements in technology are having a real, positive impact on the bottom line of commercial real estate tenants. While rent costs are fixed, day-to-day office operations have become faster, easier and cheaper to manage. Below are just a few ways to use technology to your advantage and save your company money. Better Control of Utility Costs Technology is making it easier for companies to save money on their utilities. Swapping out incandescent or halogen light fixtures with state-of-the-art LED lights can dramatically reduce energy consumption. LED lights give off less heat so they reduce the cost of running air conditioners…
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Deal Breakers for CRE Tenants

Fees are a common part of real estate contracts so it’s crucial to examine them closely. Do research to find out what the going rate for particular fees are in the market where you're looking so you know you're not being overcharged. Also, make sure the landlord clearly explains what the fees are for, when they’re assessed, how much they are and when they are due. If you can't get clear language added to the contract, move on. Forfeiture of Rights Never sign a contract with language that says you waive your legal rights to take any type of action…
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