By: Evan L. Randall and Jennifer E. Gannon Introduction 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,...
(From Philadelphia Business Journal, October 2018) West Market Street Corridor in Philadelphia. Natalie Kostelni 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...
When you’re lucky enough to find office space that perfectly suits your business needs, you naturally want to renew your lease and avoid the hassles and costs of relocating. Fighting for a favorable option to renew can help to ensure that you will be able to...
According to the report…. “Since 2012, commercial real estate vacancy rates for Class A space in King of Prussia have been cut in half. Following a high of 20.4% in Q3 2012, the rate has steadily dropped to 10.4% at the end of Q2 2018. In 2012, the average leasing...
In recent years, a number of big companies — IBM, Bank of America, Aetna, Yahoo under former CEO Marissa Mayer — cut back on their telecommuting programs in the name of more interaction and cooperation between employees, supposedly fostered by being together in an...
