CRE Assistants’ Post

Here's a comprehensive guide with tips to navigate and negotiate commercial office lease agreements successfully. Define Your Needs Clearly outline your business requirements before entering negotiations. Understand the space, amenities, and lease term that align with your company's goals and future growth. Understand Lease Types Familiarize yourself with different types of commercial leases, such as gross leases, net leases, and modified gross leases. Each type allocates responsibilities for expenses differently, impacting overall costs for both parties. Carefully Review the Rent Structure Understand the rent structure and its components, including base rent, operating expenses, and any additional charges. Clarity on these elements helps in accurate budgeting and cost projections. Conduct Due Diligence Before finalizing the lease, conduct due diligence on the property. Investigate the building's condition, maintenance history, and any potential issues that may impact your tenancy. Visit www.creassistants.com for more information #CREA #commercialoffice #officeproperties #OfficeSpace #CREOffice #CommercialRealEstate #OfficeLeasing #WorkspaceDesign #FutureOfWork #OfficeTrends #CREInvestment #CorporateRealEstate #SmartOffice #TechInOffice #OfficeInnovation #FlexibleWorkspace #WorkplaceDesign #OfficeMarket #OfficeDevelopment #CREInteriors #TenantExperience #SustainableOffice #OfficeROI

💼 Is your office refurbishment over budget? 📈 You're not alone: 7 in 10 construction finish over budget. However, it doesn’t have to happen to you: here are 3 key ways you can bring your refurbishment costs down without compromising on quality: https://lnkd.in/evH7WAac #OfficeRefurbishment #CostEffectiveDesign #WorkspaceROI 🛠️🔒

⭐️More office space contract negotiating tips💡 🤝Here at Love Mondays Office Space we’re pro negotiators and it’s part of what we offer in our services. We want our clients to get the best deal as much as they do. 🙌 Here are some of our tips on how to negotiate your office space deals like a pro! We call them SWEETENERS! 📝 🍬Sweeteners aren’t part of the main fee a building will charge, but something that will benefit the client and the deal. There are little things you/we can ask the building to do to make the deal even SWEETER!🍫 Asking your new building for some discounted furniture is another great way to save you some money! Some larger businesses will have a lot of furniture to purchase, so this is a way to reduce the costs during an office move. Plus, it can be very beneficial regarding cash flow and your overall annual budget. ℹ️👇 ☎️ 0208 050 6864 📧 info@lovemondaysofficespace.com 💻 Lovemondaysofficespace.com #lovemondaysofficespace #flexibleofficespace #negotiating #officefurnituresolutions #findofficespace #toptips

"I thought office remodel work was dead?" In today's world, oftentimes there are excessively high TI components that prevent deals from being done. At Limitless, we work through each scope and project to help value engineer the build out in the most cost efficient way possible. How can Limitless Property Works add value to your deals in order to take them from "deal pending" to a signed lease? This is a Q1 office remodel that we just kicked off this month. With all of the challenges involved in office leasing today, what are the biggest roadblocks you see when trying to negotiate a deal? #officerenovation #construction #tenantimprovement #valueengineering

Here are Some Common Terms in Commercial Office Leases Base Rent: The fixed amount of rent paid by the tenant, typically on a monthly or annual basis, excluding additional costs. Operating Expenses (OPEX): Costs associated with operating and maintaining the property, often passed on to tenants. These may include property taxes, insurance, maintenance, and utilities. Rentable vs. Usable Square Footage: Rentable square footage is the total area a tenant occupies, including common areas. Usable square footage is the actual space the tenant uses exclusively. Lease Term: The duration for which the lease is in effect. Lease terms can vary from short-term (months) to long-term (years), impacting rent and tenant commitment. Common Area Maintenance (CAM) Charges: Fees tenants pay to cover maintenance and operation of common areas shared with other tenants in the building. Stay tuned to the next post for more common lease terms Visit www.creassistants.com for more information #CREA #commercialoffice #officeproperties #OfficeSpace #CREOffice #CommercialRealEstate #OfficeLeasing #WorkspaceDesign #FutureOfWork #OfficeTrends #CREInvestment #CorporateRealEstate #SmartOffice #TechInOffice #OfficeInnovation #FlexibleWorkspace #WorkplaceDesign #OfficeMarket #OfficeDevelopment #CREInteriors #TenantExperience #SustainableOffice #OfficeROI

Discover cost-saving strategies for a seamless office build-out. Our latest whitepaper touches on how experienced OPMs identify construction pitfalls, navigate favorable terms in work letters, and leverage landlord incentives. Learn to optimize your project budget and achieve a successful office transformation. Download Four Keys to a Successful Interior Build-Out: https://lnkd.in/eKTnCqJx. #RedgateRE #officerealestate #OPM #projectmanagement

A good summary of why converting old office buildings into apartments is not as easy as it sounds.

https://lnkd.in/g4zr4_QE It’s not news that being an owner of office property these days is challenging, but the data still shows that quality product still reigns supreme.  What is interesting is the cost to renovate is not necessarily equating into higher rents or net positive absorption.  If that’s the case, do you renovate or look for another option?  #commercialrealestate

For business owners navigating the world of commercial real estate, understanding the construction status of office space is paramount. From raw, unfinished areas requiring months of construction to move-in ready offices, the spectrum is wide. Before diving into terms like "build-out," it's crucial to grasp the basics of commercial real estate. LoopNet is here to help at https://lnkd.in/gs8Dcfqa #realestate #commercialrealestate #realestatetips #commercialrealtor

This week the Property Daily team is excited to share our review of the top 10 new office leasing deals in Wellington for calendar 2023 and 2024 to date. New Zealand's national capital office leasing market remained active throughout calendar 2023, recording 14 transactions over 1,000sqm - with an aggregate of 31,710sqm worth of space taken up. The market for 2024 so far is showing a slight decline in the volume of transactions with seven (7) confirmed deals. However, there have been some significant results so far including Wellington City Council's commitment to the entirety of the former Datacom Building at 68 Jervois Quay in a 18,500sqm transaction brokered by Colliers (using TSA Riley for project management & DGSE for interior design). View the Top 10 office leasing deals for 2023 via https://lnkd.in/gkuXhxTw and 2024 via https://lnkd.in/gCgGv2_m or contact our team to view the full Lease Talk briefing & market analysis at support@propertydaily.com.au. Don't hesitate to reach out if you have any questions or would like to discuss opportunities in this market. For more information on our services and to register your interest, visit our website https://lnkd.in/gVFMiJSC. #Wellington #CommercialRealEstate #MarketAnalysis #OfficeLeasing