REoptimizer^® Blog

COVID-19 has changed every aspect of the way we work, learn and interact with others over the last year. Many states are now relaxing restrictions, making it possible for companies to return to the office, but the coronavirus is not vanquished yet. The effects of the pandemic and the risk for outbreaks in workplaces remain, and as a result, it's unrealistic to believe that you can simply resume working in your previous space in the exact way that you did before. To ensure health and safety and protect your bottom line, many aspects of your office may need to change, including:

Corporate tenants are now seeking opportunities to mitigate the effects of COVID-19 on their businesses. Some of the avenues being utilized include rent holidays, rent reductions, and monthly as opposed to quarterly rent payment schedules. In some cases, corporate tenants are trying to exit their commercial leases. Many commercial buildings are already empty due to Coronavirus restrictions, especially in the hospitality, retail, and leisure sectors. These businesses are not alone. This article aims to explore the best possible ways for corporate tenants to negotiate a rent reduction for premises closed by COVID-19.

Whether your goal is an expansion, a relocation or to open your first office, you want to find a site that will suit your company's needs now and in the future. After all, the commercial lease process is time-consuming and frequent moves impact your bottom line. Keeping the following tips in mind will help to ensure that you find a site that works for you at a reasonable price.

In the age of the pandemic, many companies are rethinking the locations of their offices. Social distancing concerns have shifted priorities, making cities much less appealing to businesses than they were before COVID-19. Combine those concerns with the lower rental rates offered outside of major metropolitan areas, and you may have great incentive to move your own office location. If you choose to, these tips will help to ensure that you find the right space and set yourself up for a drama-free relocation.

Whether you're temporarily there due to coronavirus shutdowns or are one of the many employees whose employers have decided to permanently adopt teleworking due to the pandemic, working from home is a big adjustment. While there are definite perks to eliminating the hassles of your daily commute, you may face challenges during the transition. These tips can help de-stress your work-from-home arrangement.

Due to the COVID-19 pandemic, a lot of companies are subletting their space. Many companies have employees who work from home and have extra unused office space. If your company needs a smaller office space now, it may be ideal to look into subleasing an office space as there are a lot of sublets on the market right now.

Drones are no longer purely for recreation. Many industries are now relying on drones to complete a wide variety of tasks from making deliveries to surveying wildlands.

When negotiating an office lease, one of the important aspects is the financing of tenant improvement. Questions like who is responsible for managing the construction as well as the cost and type of material to be used arises. In commercial real estate, tenant improvement financing is usually provided in one of two ways: the tenant improvement allowance and turnkey. In this article, we are going to discuss the two approaches.