What is the new norm when returning to work? Different spaces are handling things differently, with some creative solutions to reduce the possible transmission of Covid19. The Related Companies of Hudson Yards has introduced infrared cameras in the lobbies of large...
The NYC market has seen a peak in activity this past month but that certainly is not an indicator just yet for what is to come. 71 % of this activity came as a result of renewals, including short term extensions. This is diametrically opposed to last year, where 71%...
The balance of power has definitely changed. White collar workers are proving they can work remotely for the last 5 months. What does this mean for your office space negotiation? More space available means more power for tenants when negotiating with their commercial...
Don’t Let a Lease Expiration Go to Waste “Don’t let a crisis go to waste.” This proverb from Winston Churchill, made famous again in 2008 by Rahm Emanuel, is applicable to many things in life, including the expiration of a commercial lease. The moral of the...
Negotiating the “Total Cost” of Your Rental Agreement “Total cost” encompasses more than the rent. When negotiating a commercial lease the “total cost,” including each of these factors, must be considered: Loss factor: The difference between the rentable...
