REoptimizer^® Blog

When you're comparing office spaces in search of the ideal place to lease, you want to make sure that you have a clear picture of exactly what you're getting for the monthly cost of rent. Unfortunately, the terms used to describe square footage can make it hard to do so. Many prospective tenants find it difficult to discern usable square footage from rentable square footage and end up confused about just what they're getting. But not to worry, we're about to break down what each term means, so you'll be ready to start your search.

If you're currently in the process of searching for commercial office space to rent, you know what a time-consuming and costly job it is. After going through all of the work to find the perfect home for your company, the last thing you want is to be forced to move again when your lease expires. That's why it's important that you negotiate a fair lease extension clause in your commercial lease. Following these tips will help you do just that.

Dissatisfied with your current lease? Many commercial tenants fail to realize that they can attempt to renegotiate their leases if the conditions prove to be undesirable or if the market changes over the course of the lease. Although there is no guarantee that you can get your landlord to accept your proposed terms, renegotiating successfully could positively impact your bottom line.

Although the commercial real estate industry has around for at least 230 years, myths about the industry and what brokers do still abound. Here are five of the most common ones among tenants today, and why they're wrong.

For corporate tenants who only think about commercial real estate when it comes time to search for new office space to rent, the industry may not seem like one that is technologically advanced; however, technology in the world of commercial real estate is being developed at a lightning fast speed and providing a better experience for tenants. Here are just a few of the ways that technology is affecting commercial real estate for tenants.

Choosing the right term for your office lease can be a delicate balancing act. On one side, you probably want to get as much as possible from your landlord in terms of concessions while also maximizing your ability to control your space for as long as you need it. On the other side, you also want to have flexibility and the ability to move out of a space quickly if it stops suiting your needs. Given these conflicting desires, choosing the right term takes careful consideration.

When you're searching for that perfect commercial space to lease and negotiating your contract, it's important to know what features, clauses and terms are must-haves; however, it's equally vital that you know when you should consider walking away from the table. The following are some deal breakers that should make you think more than twice about signing any lease:

Rent escalation clauses are standard parts of most commercial real estate leases. If your company rents space, your rents are probably set up to go up automatically over time. While escalations of a percent or two (or three or four) per year might not necessarily seem like a big deal, they can actually have a large impact on your occupancy cost over the period of time that many leases span.