Insurance

​​Commercial Liability Insurance Protects Tenants and Landlords

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 ...
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Commercial Space in Manhattan

What Does the Term “Commercial Space” Mean?

"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 ...
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Want a Career in CRE? Here Are Some Great Schools and Programs to Get You Started

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 ...
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Renegotiating Your Commercial Lease- A Short Guide

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, ...
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Holdover Clauses Can Triple Your Rent

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 ...
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Understanding Brokerage Fees When Searching for Office Space

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 ...
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Commercial Rent Escalations

How New York City Landlords Calculate Annual Commercial Rent Increases

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 ...
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Who Pays for Office Cleaning Services, You or The Landlord?

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 ...
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7 Hidden Charges When Leasing Office Space

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 ...
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The Challenge of Finding a Small Class A Office in Midtown Manhattan

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 ...
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How to Make Your Office a “Green” Haven

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 ...
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New York’s Best Office Rentals With Sweeping Central Park Views

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 ...
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