What Is the Role of a Real Estate Attorney?

New York City commercial leases for office, loft , retail or medical space  are complicated legal documents that  can range from 15 to more than 100 pages in length depending on the particular landlord. Therefore, it is in the tenant’s best interest to hire a New York real estate attorney to review a lease and to negotiate modifications on the tenant’s behalf with the landlord’s attorney. The role of a New York real estate attorney usually begins after a lease has been issued, and after the landlord’s agent and the tenant’s broker have reached agreement on lease business terms. Business terms may consist of base rent, any monthly pass-throughs, annual rent escalations, a proportionate share of real estate tax increases,… Continue reading

Posted in Brokers & Other Real Estate Professionals.
Multiple Real Estate Brokers: Help or Hindrance?

Some business owners assume that contacting multiple commercial real estate brokers is better than seeking the services of one agent, thinking that this increases the number of properties they visit. While this makes sense in some ways, it is often not the case, especially in Manhattan. In New York City, all commercial real estate brokers source their listings from one property database, so multiple brokers will often show the same spaces to the same prospective tenant. Commercial vs. Residential Real Estate Landlords, leasing agents and property managers all source their listings from an online database exclusively accessible to professionals in the commercial real estate community. This listing service displays at least 99 percent of New York City commercial listings. Since… Continue reading

Posted in Brokers & Other Real Estate Professionals.
Six Ways A Commercial Real Estate Broker Saves You Money

Virtually every business in Manhattan – and everyone who wants to start a business in New York City – will venture into the commercial real estate market at some point. They make be looking to rent office space, loft space, retail space or showroom space. It is not a journey to take alone. The New York City real estate market boasts some of the savviest landlords, property managers and leasing agents in the world, so it’s important to have the expertise of a commercial real estate broker on your side. An Experienced Realtor Can Help While you may be a smart business owner and veteran entrepreneur, you are likely a neophyte when it comes to finding and negotiating for commercial… Continue reading

Posted in Brokers & Other Real Estate Professionals.

People who are in the market for a new commercial space for their business, be it a retail enterprise, a medical practice, a fashion showroom, a loft style studio or a traditional office space always have the choice of working with either leasing agents of individual buildings or independent real estate brokers. The only advantage of working directly with the individual leasing agent of a particular building is that the agent has an intimate knowledge of both the landlord and the characteristics of that building. The advantage of working with the independent broker is multi-fold and is as follows…. 1) The broker is quite capable of learning about all the relevant characteristics of any commercial building and explaining in detail… Continue reading

Posted in Brokers & Other Real Estate ProfessionalsNYC office space.

How much does it cost to use a commercial real estate agency when you are in the market to rent Manhattan office space? Are you going to be liable for a hefty commercial real estate brokerage fee once a lease is signed? You might be surprised. Most leasing and sales transactions for commercial real estate are handled by commercial realtors. Landlord have managing agents and leasing companies represent their interests in negotiations with potential tenants. Many smaller businesses and virtually all large companies hire commercial leasing agents to go to bat for them. In New York City the landlord always pay the entire brokerage commission. So businesses owners get the perks of being represented by a commercial realtor at no cost.  … Continue reading

Posted in Brokers & Other Real Estate Professionals.