“Industry Standard” Office Space Measurement

Different cities, different landlords, different space measurement methods! Accurately defining your leased square footage is important. How can you best protect your company’s interests and assume that you are getting the amount of usable and rentable square footage that you bargained for? Since 1915, the BOMA Standard Method for Measuring Floor Area in Office Buildings…

Workforce Trends Driving Location Strategies

Labor analytics – using a combination of both primary and secondary data – will help a company to ensure the location it is considering will be able to meet its workforce needs, today and in the foreseeable future. Understanding your potential workforce, and/or your current workforce is critical when undertaking a site selection project. Ensuring…

Three Questions to Ask Your Corporate Real Estate Team

With markets tightening dramatically around the country, most of the “low hanging fruit” opportunities for cost reduction are gone. Your team needs to be keenly positioned to bring value in other ways. Three key questions to flush out their preparedness and capabilities: How will you use data to better align the company’s real estate with…

Your Termination Option, How Good Is It?

An office lease is a long term commitment, but the real estate needs of your business are subject to change. Armed with foresight and enjoying maximum leverage (because you were still talking with multiple landlords) you had your broker negotiate a right for you to terminate your lease early. With a termination option in your…

Best Strategies for Renewing a Lease

Your company’s lease for office, warehouse or manufacturing space is set to expire in the not too distant future. Given that markets around the country are tightening rapidly, and rents are rising, how will you create leverage and drive the best results? You can always simply exercise the renewal option in your lease. Only about…