Short Term Versus Long Term Office Space Lease

For many commercial tenants in New York City, the decision to sign a short-term vs. a long-term lease is critical. The terms for Manhattan commercial leases generally range from two to 15 years. Because of the costs required to “re-market” a property – including legal fees, build-out costs, and rent lost during vacancy – landlords generally require a minimum two-year lease term. On the other end of the spectrum, landlords are hesitant to sign leases with a duration exceeding 15 years due to uncertainty about future rents. For tenants seeking commercial office space in Manhattan, there are various advantages and disadvantages associated with short- and long-term Manhattan commercial leases. Here are a few points that tenants should consider before signing… Continue reading

Posted in Understanding Commercial Lease Language.
8 Key Questions

Before calling a New York City commercial real estate broker to help you rent Manhattan office space, ask yourself these eight key questions. Your answers will facilitate your search and help you find the best space at the most favorable lease terms. 1. How much Manhattan office space do I really need? Use our office space calculator to determine how much square footage you require. Input the desired number and size of offices, number of cubicles, conference rooms, bullpen areas, break rooms and reception areas, and our calculator will generate an approximate square footage. Take the following factors into account when determining ideal square footage: Existing head count in your space Projected future growth of your staff Square footage of your… Continue reading

Posted in Commercial Leasing 101.
Executive Office Space Manhattan

If you are reluctant to sign a multi-year lease or do not require a large space, serviced office space is a practical and cost-effective solution for your Manhattan real estate needs. The operators of executive office space in Manhattan sign long-term leases for large spaces and then divide them into smaller sizes. Your company can rent a single office or multiple offices in such a facility. Should you locate your organization in an executive office space in Manhattan, you will share common areas such as a reception area, corridors, bathrooms and even conference rooms with other occupants of the facility. Turnkey Solution for Finding Manhattan Office Space Acquiring executive office space in Manhattan is easy. Your office is typically delivered ready-for-use,… Continue reading

Posted in Commercial Leasing 101.
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.