The KNOG
Don’t Let a Lease Expiration Go to Waste
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 proverb,...
The Impact of Gas and Oil Industries on Real Estate Markets
The Impact of Gas and Oil Industries on Real Estate Markets Denver, Houston, and Edmonton are just 3 of many cities that are heavily dependent on oil and gas. A prolonged slowdown in these markets, as we are seeing now, creates a tremendous ripple effect, impacting...
Are You Proactive or Reactive with Your Real Estate Planning?
Are You Proactive or Reactive with Your Real Estate Planning? Most companies are reactive in their commercial real estate needs, especially as their business locations increase. To become proactive, companies need to see the big picture - there needs to be a vision...
Negotiating the “Total Cost” of Your Rental Agreement
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 and the...
How Do I Get out of My Commercial Real Estate Lease
How Do I Get out of My Commercial Real Estate Lease? “Getting out” of a lease for a business is usually a last resort, but sometimes a necessary one. The good news is that there are methods available to expedite an early out. Planning before the lease is signed is...
Rentable Space or Usable Space?
Rentable Space or Usable Space? As many tenants know, rents have been rising. The stock market peaked in May (and is threatening a new high again), and according to regular cyclical patterns, it is set to continue rising for another year or two. Continued increases in...
Due Diligence – Know What You’re Getting Into
Due Diligence - Know What You’re Getting Into The Latin phrase caveat emptor, or “buyer beware,” is especially true when making real estate purchases. Many businesses assume that the infrastructure of a property they buy functions. For example: Does the air...
Economic Opportunity in Iceland
Economic Opportunity in Iceland There were a few rough years after Iceland’s economy crashed in 2008, but things are starting to heat up again. Invest in Iceland is the economic development branch of the Icelandic government. It frequently invites potential investors...
How Executive Real Estate Decisions are Made
How Executive Real Estate Decisions are Made When corporations are looking for office space, they typically start by casting a large net. This involves taking the interests of all key players into consideration before narrowing down the choices. For example, we...
5 Important Factors in Finding a New Headquarters
5 Important Factors in Finding a New Headquarters When a new client meets with a tenant representative broker, one of the most important pieces of the consultation is utilizing the client’s goals and aspirations as a “road map” to the right building. That map may...
How Does the Stock Market Affect Rent Prices in New York?
How Does the Stock Market Affect Rent Prices in New York? The stock market is a leading economic indicator. It affects the psychology of companies. When the market is up, there is a tendency toward growth and expansive thinking, but when it’s down, people are less...
When Does a Lease End?
When Does a Lease End? The best time to leave a property is upon expiration of the lease term, but there is always room for negotiation. Several months ago, a client (the tenant) had a lease that was close to expiration. The tenant was about to sign a lease for a...
New Development on Lexington Avenue
As an exclusive agent, Mohr Partners, Inc. is pleased to offer a community facility site and/or retail condominium for sale or lease: Lexington Avenue, between 101st and 102nd Streets Approximately 50,000 square feet of buildable area Retail Component of...
How Do I Get Out Of My Commercial Real Estate Lease? Part 2
How Do I Get Out Of My Commercial Real Estate Lease? Part 2 In the previous post, we discussed subleasing, assigning, desk-sharing and the option to cancel as some of the remedies a business might use to get out of a lease. In this post, we discuss the least desirable...
Cost vs. Necessity: How These and Other Factors Affect the Decision Making Process
Cost vs. Necessity: How These and Other Factors Affect the Decision Making Process Helping clients make difficult real estate decisions is an important aspect of a broker’s job. Whether they are starting a new business or relocating an existing one, there are many...