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Converting Empty Offices: 4 Cities with the Most Office Conversions

Converting Empty Offices: 4 Cities with the Most Office Conversions

In this article, you'll learn about: The top cities leading in office-to-residential conversions. New York City's large-scale adaptive reuse projects and zoning changes. Los Angeles' expansion of adaptive reuse citywide to address housing shortages. Chicago's targeted plan for converting office spaces into affordable housing. Vacant office space is taking up hundreds of millions of square […]
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5 Things Every Office Tenant Should Know About the SNDA

In this article, we explore: Protecting tenant rights in case of landlord default or foreclosure. The three components: Subordination, Non-Disturbance, and Attornment. Risks of not having an SNDA in your lease. Importance of consulting a commercial real estate attorney for guidance. New office tenants are under a lot of pressure to find the perfect properties. […]
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How AI Companies are Reviving the Office Leasing Landscape

In this article, you'll discover: How AI companies are boosting office space demand and revitalizing the market. The significant increase in AI leasing activity, particularly in San Francisco. The potential impact of AI leases on San Francisco's high vacancy rates. Opportunities for tenants to benefit from lower property values and flexible leases. Is Artificial Intelligence […]
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Commercial Tenants: Reminder to Review Your Sublease Clauses

In this article, you’ll learn: The crucial role of a well-negotiated sublease clause for corporate tenants. The rise in sublease space and its impact on landlords. A recent legal case highlighting issues with sublease clauses. Key points for tenants to review in their lease agreements. Without the protection of a good sublease clause, a lot […]
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Is the Return to Work Revolution Here? Companies Returning to the Office

In this article, you’ll discover: President Biden's push for a return-to-office and its implications. How companies like Zoom and Amazon are adjusting their remote work policies. The impact of underutilized office spaces on the economy and corporate real estate.  The future of hybrid offices amid employee resistance and changing work trends. The work-from-home revolution is […]
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Anticipating the Squeeze: Warehouse Space Availability May Tighten in 2024

In this article, you’ll learn: The effect of recent leasing slowdowns on warehouse availability in 2024. How lower construction rates will influence warehouse supply and rent growth. Strategies for tenants to secure good deals amid rising competition and rents. The warehouse industry is booming with interest, overshadowing its far less popular sister, office space. As […]
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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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Hidden Costs: Demystifying the Gross-Up Provision in Your Office Lease

In this article, you'll learn: The purpose and implications of the gross-up provision in office leases. How hidden costs can emerge from common area maintenance and operating expenses. The importance of selecting the right base year and negotiating expense caps. Strategies to ensure fair expense distribution and avoid financial pitfalls. If you’re signing a lease […]
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New York Local 97 Law Eases Pressure on Landlords Showing Good Faith

In this article, you’ll learn: Local 97 Law enforces emission cuts but allows a "Good Faith" approach for landlords. High retrofit costs may lead landlords to opt for fines instead. New regulations will ease compliance pressure for landlords showing effort. Why tenants should ensure landlords are compliant and protect their lease terms. Commercial tenants, landlords, […]
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The Priorities Tenants Have For Warehouse Space are Evolving

In this article, you'll learn: How technological advancements are reshaping warehouse space requirements. The rising demand for Class A warehouses and its effect on rental rates. The increasing importance of EV infrastructure and green practices. How to stay ahead in the evolving warehouse market with expert tenant representation. As the commercial real estate landscape continues […]
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Leverage the Market for Success: How to Prepare for Your Next Office Lease

In this article, you'll learn: How to leverage current low office rental costs to secure better deals. The importance of analyzing occupancy and vacancy rates in selecting markets. The shift towards premium office spaces and how it affects lease negotiations. Essential safeguards to include in leases to protect against landlord defaults. Your tenancy doesn’t exist […]
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Heather Smith

Herrington Editor Post Blog

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