What a ten-year lease really costs
The rate on the listing is the smallest number in the deal, and a decade of additional rent, fit-out and exit costs can roughly double it.
10 articles on New Club Cocoon tagged "lease terms."
10 articles
The rate on the listing is the smallest number in the deal, and a decade of additional rent, fit-out and exit costs can roughly double it.
Staying put is usually the landlord’s best outcome too, and a sitting tenant who starts early has more leverage than they think.
A short move on the same street still meant two leases, one overlap month and a long list of things that had nothing to do with boxes.
Restoration clauses sit quietly in a lease for years, then turn into a five-figure invoice in the final month unless you deal with them early.
Flexible offices cost more per desk than a conventional lease, and for a surprising range of tenants that premium is exactly the point.
The tenant rep worth hiring is rarely the one with the best stories, and that is exactly the point.
Occupancy sensors, smart badges and building dashboards are moving into ordinary offices, and tenants should know what they are agreeing to.
When half your office sits empty most days, subletting looks like free money, but the lease decides how much of it you keep.
The label on a commercial lease tells you who pays for taxes, insurance and upkeep, and the real answer is always in the fine print.
A candle maker went from a three-month holiday stall to a long-term storefront, and the leap was mostly about paperwork.