In commercial leases, the landlord may require the tenant to pay the costs associated with operating the building as an additional payment to reimburse the landlord for paying the costs of operating, maintaining, insuring and furnishing utilities for the building.
With fewer than three months left in the year, the Philadelphia office market appears to be hitting its stride with strong absorbancy, rising rents and lower vacancy rates, according to several third-quarter reports.
Options in real estate deals can be critical. Getting a favorable option to renew can help you in the long term…
The latest report from the King Of Prussia Business District has come out, and the market continues to gain strength
The debate over open office space continues. Is it really beneficial? A new study released from Harvard reveals that the open space plan may not be as efficent as once thought…read more
This is a great piece about why its important to bring your company brand into the workspace…
King of Prussia / Wayne continues to be one of Philadelphia’s most sought after metro suburban submarkets. This submarket encompasses a vast array of tenants ranging from financial institutions and healthcare firms and pharmaceutical manufacturers.
I’ve had several people ask me about other terms they’ve heard thrown around – Load Factor, and Add-On Factor. Here is a good explanation….
Relocating to the Philadelphia area office space is an adventurous time for any business. Planning an office move can be stressful, and relocating your IT may seem like a tough task. Below are some tips to help you plan an efficient move of the technology in your office.
A large element of any lease negotiation is the determination of the tenant’s construction allowance, otherwise known as the tenant improvement allowance or TIA. The amount and structure of the TIA can directly impact the rental rate of the deal.