Category Archives: Uncategorized

Pre-lease IssuesTenant Build-out

Tenant’s Guide to Minimizing Office Construction Costs

As the economy continues to expand (along with office tenants), office construction costs continue to climb.  That’s due in large part to the strong economy as well as a shortage in construction labor and certain materials. In this post, I … Continue reading

Filed under: Pre-lease Issues, Tenant Build-out, Uncategorized | Tagged , , , , , | Leave a comment

Other Lease TermsPre-lease Issues

Added Transparency Needed for Commercial Real Estate Brokerage

The quest for “transparency” is a major driver in our world today so that people can make the best decisions.  We saw it with banking reforms after the recession as well as with all the new disruptive technologies.  In commercial … Continue reading

Filed under: Other Lease Terms, Pre-lease Issues, Transparency, Uncategorized | Tagged , , , , , | Leave a comment

Building Services

Office Building Amenities Arms Race

We’ve all heard of the rich perks leading tech companies offer their employees – from gourmet food to full-service gyms.  Borrowing a page from these companies, office landlords are offering many of those perks to their tenants as added amenities … Continue reading

Filed under: Building Services, Office Space Trends, Uncategorized | Tagged , , , | Leave a comment

DamageEnd of Lease TermRepair and Maintenance

How Tenants Can Limit Lease Surrender Liability

Looking forward to a new chapter in your business, you just moved into your new office space.  Your old office building is, however, haunting you after receiving an invoice from your prior landlord for restoration obligations.  Most office leases contain … Continue reading

Filed under: Damage, End of Lease Term, Repair and Maintenance, Uncategorized | Tagged , , , , , | Leave a comment

Other Lease TermsParking

Bridging the Last Mile – innovative public-private partnership

The trend of companies moving to urban areas in search of younger talent has challenged some suburban based companies, landlords and suburban governments in the Chicago area and across the country.  Earlier this year, I posted a blog examining the … Continue reading

Filed under: Other Lease Terms, Parking, Uncategorized | Tagged , , , , , , | Leave a comment

Other Lease TermsSuperior Interests

The TICking Bomb of Building Ownership

Occasionally, we hear of a tragedy where a bomb explodes in a former war zone.  Likewise, in commercial real estate where most markets have recovered from the recession, there is a time bomb of building ownership that can be disastrous … Continue reading

Filed under: Other Lease Terms, Superior Interests, Uncategorized | Tagged , , , , , | Leave a comment

Corporate Office Urban Migration – Chicago & Nationally

On the heels of the great recession in December 2010, I wrote about whether the trend of office tenants moving to urban areas is a secular shift or an aberration (“Downtowns Drawing Tenants Over Suburbs: Secular Shift or Aberration?“), concluding … Continue reading

Filed under: Office Space Trends, Uncategorized | Tagged , , , , , | 1 Comment

Pre-lease Issues

Office Building Tour Checklist

While your ultimate decision on leasing office space will be based upon how it supports your business goals, the building tour is an initial litmus test.  A thoughtful inspection of a building and space may identify potential issues that you … Continue reading

Filed under: Pre-lease Issues, Uncategorized | Tagged , , , , | Leave a comment

Lease AuditOther Lease TermsRent

Operating Expense & Tax Reconciliation Season: Don’t leave Money on the Table

Now that the holiday season is over, ‘tis the season for Operating Expenses and Tax reconciliation for office tenants.  As most office leases allow the landlord to recapture increases in Operating Expenses and Taxes (which tenants commonly pay on an … Continue reading

Filed under: Lease Audit, Other Lease Terms, Rent, Uncategorized | Tagged , , , , , , , , | Leave a comment

Other Lease Terms

Lease Accounting Change Gets the Go-Ahead

On November 11, 2015, the Financial Accounting Standards Board (FASB) decided upon the effective date for the long awaited and much debated new lease accounting standard requiring companies to recognize leases on their balance sheets.  The effective date for public … Continue reading

Filed under: Other Lease Terms, Uncategorized | Tagged , , , | Leave a comment