Construction Costs and Out Of Pocket Expenses

  The biggest up-front expenditure in the entire leasing process is the cost of constructing space. An important question to ask is: “How much cash on hand will I need to accomplish this move?”  And the time to answer that question is before you start looking for space.  You can eliminate many expensive surprises by determining your out-of-pocket expenses ahead… Read More

Escalation: Increases In Rental Costs Over the Term Of the Lease

                The need to be diligent about escalation clauses and their impact on long-term budgeting is best illustrated by the following story. Not too long ago, I was representing an office tenant that was experiencing “sticker shock” when reviewing a proposal to renew the lease.  The proposal from the landlord was for a new five-year term lease. … Read More


I am always surprised by the amount of trepidation and angst tenants experience when it is time to renew the lease. To begin with, most tenants don’t realize when renewing a lease that they, in fact, are in a place of competitive advantage. Many tenants act as if they have very little leverage at all--- and the majority of them… Read More

How Much Does It REALLY Cost Me To Rent Space?

  We all understand the practice of comparison shopping.  When you’re shopping for groceries, for example, if two jars of the same peanut butter are priced differently by certain stores, the cheapest product is the one with the lowest price.  But what’s simple when comparing groceries is not that simple when comparing real estate. Landlords in most areas of the… Read More


  The three L’s of real estate are Location! Location! Location!  Where do I find the space I need? Looking at your business, you will have to decide whether there is a compelling reason to locate the company in a particular region of the country, in a given city, in a certain district of that city or on a certain… Read More