Tenant Improvement

Tenant Improvement

August 27, 2024
Don Catalano

Protect Your Tenant Improvement Allowance Clause Amid Elevated Concession Rates

In this article, you’ll learn: Why office landlords are offering higher tenant improvement allowance packages than ever How a high tenant improvement allowance drains a landlord’s income What happens if your landlord can’t deliver on the improvement allowance they promised How you can protect your tenant improvement allowance even if your landlord defaults Since the […]
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How to Control Occupancy Costs in Your Commercial Lease

In this article, you’ll discover: The impact of rent abatement and rent escalation clauses on long-term expenses. How operating expenses can significantly influence your total occupancy cost. Importance of Tenant Improvement Allowances (TIA) and strategies for minimizing renovation-related costs. How a True Tenant Rep™ can negotiate better lease terms and reduce costs. When you’re in […]
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Office Concession Rates on the Rise: Leveraging Increasing Concession Ratios

In this article, you’ll discover: How record office vacancies are driving up concession packages from landlords The rising concession trends in Class A buildings and how they benefit tenants How soft costs are now being included in Tenant Improvement Allowances Why this trend in New York City is setting a precedent for office markets nationwide […]
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Should You Put Your Tenant Improvement Allowance in Escrow?

In this article, you’ll learn: The benefits of placing your Tenant Improvement Allowance (TIA) in escrow. How escrow accounts protect tenants and ensure proper use of funds. Current trends in office market pressures and rising TIA offers. Negotiating the Tenant Improvement Allowance (TIA) was already one of the most critical aspects of lease negotiation. Now, […]
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2009 or 2023? Commercial Tenants Beware Your Landlord’s Default Risk

In this article, you’ll learn: Why commercial landlords are struggling and how it impacts tenants. How tenants can turn the tables by negotiating favorable lease terms. Lessons from the 2008 crisis that can help tenants protect themselves today. Key strategies for tenants to safeguard their interests during landlord defaults. If you thought the office environment […]
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Top Concessions Offered by Office Landlords

In this article, you’ll learn: Landlords offer concessions like free rent and improvement allowances to attract tenants. Free rent helps tenants with moving costs but doesn’t cover operating expenses. Lower rent escalations and tenant improvement funds reduce costs for tenants. Building signage rights enhance tenant visibility at minimal cost to landlords. Whether an office suite […]
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Tenant Improvement Allowance: Negotiating The Best Terms

In this article, you’ll discover: The impact of choosing between turnkey improvements and a set dollar tenant improvement allowance. How landlord involvement in construction can affect your allowance. The importance of accurate space measurement for maximizing your allowance. Tips for negotiating tenant improvement allowances and managing the construction process. When tenants negotiate leases, they frequently […]
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