Category Archives: Pre-lease Issues

Tenant Lease Security Strategies

As commercial real estate values are rooted in a dependable cash flow, landlords (and their lenders) are keenly interested in the creditworthiness of their tenants.  As most businesses are not in the Fortune 500, many will face the issue from … Continue reading

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Limiting the Hidden Costs of Office Rent: Operating Expenses & Taxes

A major component (30% or more) of an office tenant’s rent bill is property taxes & operating expenses (“T&O”) which today is on the rise and where tenants have limited control under landlord-favorable leases.  In Chicago, T&O is rising significantly … Continue reading

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Added Transparency Needed for Commercial Real Estate Brokerage

The quest for “transparency” is a major driver in our world today so that people can make the best decisions.  We saw it with banking reforms after the recession as well as with all the new disruptive technologies.  In commercial … Continue reading

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Office Building Tour Checklist

While your ultimate decision on leasing office space will be based upon how it supports your business goals, the building tour is an initial litmus test.  A thoughtful inspection of a building and space may identify potential issues that you … Continue reading

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Tenant’s Lease Renewal Strategies

Lease renewals are one of the most profitable leasing transactions for landlords.   As most tenants look to renew their lease to avoid the disruption associated with a relocation and as landlords perceive existing tenants as a “captive audience”, I’ve outlined … Continue reading

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Office Tenant Letters of Intent Strategies

The best time for a tenant to negotiate key lease terms is before the tenant negotiates the lease.  After a tenant requests the landlord to prepare a draft lease (on its landlord favorable form), the tenant has signaled to the … Continue reading

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Tenant’s Guide to Navigating Landlord-Favorable Office Markets

With the start of the new year and with the stock market continuing to break new levels, there’s a strong sense of optimism in our economy.  As office vacancy mirrors employment rates, we are seeing vacancy rates continue to fall … Continue reading

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Transparency Coming to Office Buildings’ Internet Connectivity

Reliable high-speed internet access is mission critical to businesses today.  With rapidly changing technological improvements from video conferences to 3-D printing, a building’s connectivity must be vetted by tenants early in the site selection process as a key infrastructure element … Continue reading

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The WELL Building Standard® for Your Well Being

How does your office space affect your health?  If you think about it, most office spaces and buildings are designed to minimize the physical activity of its occupants.  While many office spaces today are certified as meeting the sustainability standards … Continue reading

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Loft Tenant’s Leasing Checklist

Many creative and technology companies gravitate to loft office buildings due to their unique character as they are typically renovated warehouse buildings (either concrete or timber construction).   In addition to the usual office building due diligence, below is a checklist that … Continue reading

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