REoptimizer^® Blog

Commercial real estate contracts for leasing are very complex and often difficult to analyze. Unfortunately, unscrupulous landlords may use this to their advantage, folding in costs that make occupying a space more expensive for tenants. To ensure that you're not being assessed unnecessary charges, keep an eye out for the following hidden costs:

When you get to the contract stage of the office space leasing process, you should never be content to settle with the document that your soon-to-be-landlord presents you as-is. Negotiation is expected, and it's possible to leave the table with a much more favorable deal if you approach things correctly. Following these tips will help to give you an edge during negotiations.

While the open office is still an excellent solution for workers in some industries, the challenges inherent in focusing in these types of offices are making many companies question the wisdom of their move to this style of office. If your company has an open floor plan and it isn't working as well as you would like, there are some ways that you can quickly and easily solve this challenge and create greater senses of privacy either through modifying your workplace or through modifying your work style.

When writing a commercial loi for space that you are looking to lease, it is important to cover all of the important business points that you will want to have the landlord include in the final lease document. This way, you can come to a business agreement on terms that you find acceptable before getting caught by surprise by non-favorable language written by the landlord or his attorney.

Moving to new office space requires expenditures of time and money. After investing in a move, the last thing that you want is to choose a location that doesn't completely work for you and find yourself having to move again at the end of your lease. Following these tips will help to ensure that you make the right decision regarding commercial real estate leasing.

In 2006, the Financial Accounting Standards Board realized that the standard for lease accounting in the United States was significantly different from the system used in countries that follow the standards set by the International Accounting Standards Board. FASB started a long process of revising their lease standards to better conform with IASB standards. The new standards were finally developed in 2016, and they don't necessarily clear things up internationally. But they are changing the way the companies have to treat their leases from an accounting perspective.

Businesses develop over time, and as they do, their spatial requirements change. If your current lease is set to expire, it's a good idea to take the time to carefully evaluate your office to determine whether you should seek out a new space or renew your current lease. Here are some of the signs that you should seek new space:

Commercial real estate is one of the largest expenses for any company, so having a key understanding of what it’s costing you to occupy spaces that you rent is vital to managing expenditures. It's not enough to simply know what your total occupancy cost is if you want to find places where you can reduce costs. Using the following metrics can give you a better understanding of whether or not your commercial real estate portfolio is costing you too much.