REoptimizer^® Blog

When you find a space that suits your business needs and is working well for your team, renewing your lease is usually preferable to searching for new space. Searching for a new unit to lease and going through the moving process means time and money spent, so most businesses prefer to remain in their current locations unless their requirements have changed.

When you lease space for your business, you will sign a document that is made up of a series of rules and stipulations. The individual pieces of the document are referred to as lease clauses. For instance, most office leases in buildings with a garage, ramp or lot have a clause that defines your rights in that property's parking facility. Below is an alphabetized list of lease clauses and, while not every lease will have all of them, and some leases might have a few that aren't on the list, they will give you an understanding of what you can expect.

It's easy to spend millions of dollars on a commercial lease. Whether you're looking at a five-year commitment on a 300,000 square foot warehouse or a ten-year deal on 10,000 square feet of office space, it's easy to find yourself on the hook for millions of dollars even in lower cost markets. In major markets like New York and San Francisco, eight digit leases aren't that uncommon. With that in mind, finding at least a million dollars in savings isn't hard to do. Read on.

Leasing space is usually a great way to both save money and reduce your company's debt load. Doing it the right way can save you even more, though. Here are some tips for how to manage your commercial lease and minimize costs as much as possible.

Imagine going to the store and buying seven cans of tuna. Now imagine that you got home, opened your bag, and found six cans. You'd probably think that the cashier or bagger made a mistake, and you'd either go back to the store for your can of tuna, or you'd chalk it up to experience.

When you're looking to relocate your offices or are expanding to a whole new market, you want to end up with the best space for your needs and be able to secure that unit for a fair price. Having a tenant rep broker on your side is crucial to accomplishing those goals.

Like many industries, the world of commercial real estate is its own community. It has its own business practices, its own language and its own sometimes-closed set of people. If you are one of the many people that ended up in the business as a user instead of a practitioner, here is a list of some commercial real estate concerns to keep in mind.