Tag Archives: office rent

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

Filed under: Lease Audit, Other Lease Terms, Pass-throughs, Pre-lease Issues, Rent | Tagged , , , , , , , | Leave a comment

How Reliable are Lease Comps?

In office lease negotiations, like most other negotiations, there’s the “sticker price” and the final deal terms. As to the latter, landlords and office brokers frequently talk about comparable lease transactions, a/k/a, “Lease Comps”. Many tenants confuse the reliability of … Continue reading

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