Category Archives: Uncategorized

Superior Interests

Don’t Let Your Landlord Push You Around with Their “Relocation Right”

With strong office markets in many parts of the country, landlords are becoming rather bullish.  In that spirit, they are looking to maximize leasing flexibility in accommodating new and growing tenants.  One leasing flexibility tool that landlords have in their … Continue reading

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Pre-lease Issues

Office Tenant Letters of Intent Strategies

The best time for a tenant to negotiate key lease terms is before the tenant negotiates the lease.  After a tenant requests the landlord to prepare a draft lease (on its landlord favorable form), the tenant has signaled to the … Continue reading

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Other Lease TermsSuperior Interests

What Tenants Need to Know About Estoppel Certificates

Willis Tower sells for $1.3 Billion.  Such eye-popping sales headlines are fairly common today. With low interest rates and rising rental rates, we’re seeing record volume of office building sales in Chicago and many markets nationally.  As part of the … Continue reading

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Pre-lease Issues

Tenant’s Guide to Navigating Landlord-Favorable Office Markets

With the start of the new year and with the stock market continuing to break new levels, there’s a strong sense of optimism in our economy.  As office vacancy mirrors employment rates, we are seeing vacancy rates continue to fall … Continue reading

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Building ServicesPre-lease Issues

Transparency Coming to Office Buildings’ Internet Connectivity

Reliable high-speed internet access is mission critical to businesses today.  With rapidly changing technological improvements from video conferences to 3-D printing, a building’s connectivity must be vetted by tenants early in the site selection process as a key infrastructure element … Continue reading

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Pre-lease Issues

Loft Tenant’s Leasing Checklist

Many creative and technology companies gravitate to loft office buildings due to their unique character as they are typically renovated warehouse buildings (either concrete or timber construction).   In addition to the usual office building due diligence, below is a checklist that … Continue reading

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Creative Office Space Trends

Just exactly what is “creative office space”?  What are today’s tenants looking for in office space?  How are building owners accommodating this demand?  Those questions were addressed a couple weeks ago at the Chicago Creative Office Summit.   It was a … Continue reading

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Pre-lease Issues

Tenants’ Top 10 Office Leasing Mistakes

As real estate is typically one of the top costs for companies, here is a list of the top 10 mistakes tenants make in leasing office space.  The real estate decision, however, goes beyond cost.  It also impacts the bottom … Continue reading

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Pre-lease Issues

Not Your Father’s Office – Office Space Trends

In the late 1960’s, Herman Miller, an American manufacturer of office furniture and equipment, spawned the idea of office cubicles.  The cubicle’s popularity was sustained until about 10 years ago, when companies began to notice that the way in which … Continue reading

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Pre-lease IssuesTenant Build-out

Tenant Improvement Strategies – Turnkey Approach

As the name implies under this approach, the landlord – at its sole cost – is responsible for all elements of construction based upon an agreed to scope of work.   Many tenants are attracted to the simplicity of this approach, … Continue reading

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