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Common Area Maintenance (CAM) – What Tenants Need to Know

CAM, which stands for common area maintenance, refers to the expenses tenants pay to landlords of commercial properties. These payments are made to cover the cost of maintaining common areas. Understanding what CAM fees are can help tenants prevent overcharges when negotiating the terms of their commercial property lease and give better insight into how rent is calculated. Usable area This refers to the...

6 Factors to Consider Before Leasing Commercial Space

Finding a new office space for your business can be exciting and is also an indication of growth, but it’s important not to get carried away and to consider various factors prior to signing on the dotted line. Taking the time to understand lease terms and how they’ll impact you will also help you negotiate the best deal possible. Here’s everything you should keep in mind prior to solidifying your...

What Are Tenant Improvement Allowances?

Viewing a number of commercial properties prior to finding the ideal office space is common for businesses. However, even after finding a property that suits a number of the business’ needs, the space may not meet 100% of all the requirements. This is where tenant improvements become beneficial because they allow tenants to receive an allowance that allows them to renovate the space to their liking...

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Growth Tips For Small Business Owners in 2022

Running a small business is no easy feat, especially in today’s tough economic climate. Being a small business owner also means facing challenges like not having the resources required to hire talent that will help your business grow, administration issues, a lack of time management, and more. The following tips will help you overcome any challenges you may face so that you can thrive as a small...

Here’s How Rent Concessions Benefit Tenants

Landlords have the goal of ensuring that any commercial properties they manage are occupied by paying tenants. Despite this, sometimes properties remain vacant for longer than expected which results in a significant loss of rental revenue. One of the best ways to attract tenants and convince them to sign a commercial lease is to offer rent concessions to fill the property quickly, particularly during...

7 Tips For Renewing a Commercial Lease

Every commercial lease comes to an end. This particular lease renewal period offers an opportunity for companies to check the current real estate market, determine their standing as a tenant, and renegotiate their lease for more favorable terms. Secure a great deal on a space that could serve your business for years to come.  Here are tips and necessary knowledge on renewing a commercial lease. 1....

25 Cool Office Gadgets For Office Spaces & Businesses

Investing in cool office equipment is a good way for businesses to relieve employee stress and increase productivity. Office technology is always evolving, which is why it’s important to stay on top of the trends so that you’re aware of the type of office gadgets you should buy for your business’ benefit. Here are 25 must-have office gadgets that you should know about to simplify your work...

Letter of Intent: Its Importance When Leasing Commercial Space

Navigating the world of commercial real estate requires understanding the important terms to make an informed decision when seeking to lease property. A letter of intent (LOI) is a document that outlines important terms between a landlord and a lessee. It’s a non-binding agreement that’s used to define the primary deal points before both parties proceed with an official agreement in the future. It also...

Festive Holiday Decorations For Your Business & Their Benefits

Owning a brick-and-mortar business means you have to leverage the power of visual appeal to attract customers. This is especially true during the festive season when people are in jovial spirits and consumer spending increases . Festive holiday decorations help your business stand out from its competitors and make your store a warm and inviting place to be that helps spread holiday cheer. Why Christmas...

Rentable Square Feet Vs. Usable Square Feet

As you’re looking for commercial space to lease, it’s common to see the terms rentable square feet (RSF), or usable square feet (USF), in the listing’s details or marketing materials. Not sure of the difference between the two terms? In this article we’ll go through these terms, and you’ll learn what they mean for you as a tenant when you lease commercial space. First, let’s discuss...

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