Commercial leases in New York City are notoriously long, complex documents. They come with many different clauses and terms, such as holdover clauses, sublease and assignment clauses, rent escalations, and more. As a commercial tenant, you should familiarize yourself with ...
Read More...

"Commercial space" is a broad real estate term referring to any space used for business or professional purposes. Think of all the types of spaces in New York City that fall under this category, yet have nothing in common. A ...
Read More...

If you're new to commercial real estate and do not even know what commercial space means, wonderful. If you are a professional broker looking to further your career, also wonderful. Many resources exist to aid in anyone's commercial real estate ...
Read More...

As we kick off 2023 with economic anxiety, the New York City commercial real estate market faces uncertainty. Whether you’re a hedge fund, law firm, or startup, you may wind up in a situation where you have to manage costs, ...
Read More...

If you're a New York City commercial tenant, you've experienced long and complicated lease documents by now. Commercial office, loft, and retail leases are known for numerous clauses containing complex and subtle language that can impact your tenancy. The holdover ...
Read More...

If your business plans to lease office space in New York City, you naturally want to understand additional costs beyond base rent and utilities. One transaction cost that can concern tenants is an office space rental agency commission.  However, it ...
Read More...

If you rent a commercial office space in Manhattan, your lease will have an escalation clause. In an escalation clause, your rent increases annually. The landlord’s only option is to recoup rising building services, personnel, energy, and building maintenance costs ...
Read More...

There are many hidden charges that tenants have to worry about when leasing office space in New York City.These can range from trash removal, HVAC-related charges, a business improvement district tax, and more.  Yet one of the most overlooked of ...
Read More...

Nobody likes surprises when it comes to hidden costs. Particularly when it comes to a big ticket, business-related expense such as signing a multi-year lease for a commercial office space.  Often you can see a listing online or tour it ...
Read More...

Finding small office spaces for lease in quality, iconic, Class A buildings in Midtown Manhattan has become increasingly challenging. Throughout the years, landlords of well-known Class A buildings have chosen to mitigate their risks by targeting large and financially stable corporate tenants ...
Read More...

Making your New York City office space “green,” doesn’t solely refer to lush greenery and space for workers to socialize and take a breather. Of course, that's nice, though.  Going green refers to actively taking measures to reduce your carbon ...
Read More...

The Manhattan office space landscape is living through an era of "amenitized" Modern Class A buildings. Many public corporations, hedge funds, large financial services firms, and tech companies crave space in this asset class to induce their employees to willingly ...
Read More...