Understanding the Total Cost of Occupancy

August 9, 2022August 9, 2022 Alexa BroylesAdditional Rent, CAM, columbus, commercial lease, commercial real estate, CRE, NNN, office, rent, Rent Escalation, tenant representation, total cost of occupancy

When signing a commercial lease, there are many factors that impact your overall cost. Understanding the total cost of occupancy is important both for budgeting and developing accurate financial forecasts over time, as well as for negotiation. Recently, our Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird worked with The Joseph Group to secure a new office space. The Joseph Group had outgrown its current space of roughly 5,500 square feet and sought a space that could accommodate its current needs, but would also facilitate the organization’s…

4 Things to Think About Before Your Office Lease Renews

January 21, 2020January 21, 2020 Amy Karnescommercial real estate, market, negotiation, office, office lease, real estate, renewal, rent0 comment

Is it that time of year, again? Office lease renewal periods are a great time to reconsider your current terms as it provides tenants with the opportunity to think about some important points. In any commercial deal, lease renewals should be handled with winning strategies. If you’re ready to renew your office lease, make sure to consider these 4 points first: Always Read Between the Lines Tenants should never get too comfortable. Carefully reviewing the exact terms of each lease will help office tenants avoid big problems down the line.…