Tag Archives: office rent

Rent

Is Remote Work the “Netflix” for office buildings?

Jim Kramer on CNBC Squawk Box recently rhetorically asked: will this mandated “work from home” be the Netfix for office buildings as Netflix was for movie theatres?  I don’t think the analogy fits.  Pre-COVID 19, tenants were laser-focused on collaborative … Continue reading

Filed under: Company Culture, Confidentiality, Coronavirus, Cost Savings, COVID-19, Disaster, Distraction, Employee Satisfaction, Environment, Flexibility, Health, Office Space Trends, Open Floor Plan, Pandemic, Productivity, Remote Work, Rent, Shared Office Space, Telecommuting, WFH, Work From Home, Work Life Balance, Workers' Compensation | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Lease AuditOther Lease TermsPass-throughs

Limiting the Hidden Costs of Office Rent: Operating Expenses & Taxes

A major component (30% or more) of an office tenant’s rent bill is property taxes & operating expenses (“T&O”) which today is on the rise and where tenants have limited control under landlord-favorable leases.  In Chicago, T&O is rising significantly … Continue reading

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Pre-lease Issues

How Reliable are Lease Comps?

In office lease negotiations, like most other negotiations, there’s the “sticker price” and the final deal terms. As to the latter, landlords and office brokers frequently talk about comparable lease transactions, a/k/a, “Lease Comps”. Many tenants confuse the reliability of … Continue reading

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