Gina Borud We try to keep our TRA blog topical and talk about conditions that either are or may affect our occupier tenants. So here it goes, and we hope this is informative. Boise has been in a strong growth mode the last couple of years. Many would call it a tear …
Boise has been experiencing a lot of growth recently and as commercial real estate advisors who specialize in working with new companies either considering moving here or actually moving here we are frequently asked: “Who is moving here?” Last year in the Kiplinger newsletter the authors said Boise was ‘attracting …
The local Boise, Meridian, Eagle, Nampa, and Caldwell economies have been on a tear since 2015/2016. Everywhere you go you see new construction, and roads are torn up. We are seeing traffic get heavier and finding a parking spot harder. City elected officials are talking about new civic projects. Like …
Ask a corporate real estate person what is the most confusing and contentious aspect of an office lease, and the answer will almost always be the operating expenses section. All commercial leases contain at least a few paragraphs of language on how the operating expenses are handled. Many tenants enter …
Given that a nonprofit organization’s facility costs are typically the second highest cost on its balance sheet (after staff), securing a good lease on the best office space should be a high priority. Unfortunately, we’ve found that real estate costs and commitments are often not addressed in the best way. …
Most business owners and managers are experts in the fields they’ve chosen — not in commercial real estate. When it’s time to find new office space, it’s normal to not know what to look for. To get you started, here are seven questions office building tenants should ask prior to …
“I am going to represent you.” Lately I have wondered what a client seeking office or industrial space thinks when we say that. “Represent” can mean different things to different people; inevitably a client’s expectation is colored by his or her past experiences. Has the person been represented in a …
At Tenant Realty Advisors we work with many local companies that occupy office, industrial and retail spaces. We also work with sophisticated national corporate occupiers. These corporations tend to have an advantage over smaller companies when it comes to real estate: With their full-time, in-house real estate teams, they bring …
Imagine sitting down to negotiate a lease for office space in a new building. Beside you is the real estate agent representing your company. Across the table is the building’ s landlord, accompanied by his or her real estate agent. The catch? The two agents are colleagues — they work …
A commercial lease negotiation involves both business terms and legal terms. A savvy tenant will have both a tenant representative and an attorney negotiating these terms on their behalf. After numerous back and forths, the various items up for negotiation usually end up in some type of compromise that reasonably …