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Blog
Take the Pain Out of Lease Negotiation with a Tenant Representative
Finding an appropriate location and negotiating a lease for a commercial property can be a pain. You have to find an ideal location, manage your term and rent requirements, ensure you pay a fair price for the space and its amenities, and stop competition from renting in the same location—All …
Leasing Versus Buying Office Space: Key Considerations
For many businesses, a brick and mortar office is key to the daily functions of the organizations. Perhaps you’ve already had your own office space for some time now, but your company has grown to the point where you need to work in a larger space. Maybe you conceded some …
Commercial Lease Terminology Decoded
Are you getting ready to dive into the commercial real estate market? If you happen to be looking for a space to rent for your business, you will want to go into the process knowing relevant terminologies. From A to Z, there are hundreds of commercial lease terms that are …
Choosing a Commercial Leasing Agent
Choosing the right commercial leasing agent will take time and research. You want to make sure that whoever you work with has the right combination of expertise, negotiation skills and personality to suit your professional needs. Don’t just take a cursory glance over an agent’s qualifications, but dig into the …
The Market is Changing Quickly – A Case Study
Quick summary Challenge: Finding an appropriate office space in a tight market and on a short timeline to avoid a $300,000 holdover penalty and a lawsuit. Solution: We located a space that on the surface seemed small but actually had the perfect amount of usable space. We negotiated with the landlord to …
Who Are Boise’s Landlords?
Who is your landlord? Given Boise’s slow but steady commercial growth, we don’t see the headline grabbing developments popping up to attract out of state developers. So we remain largely a locally controlled market with a few large players and many smaller, ‘one-off’ owners/investors. It is wise to understand the …
When Will The Next Office Building Be Built In The Treasure Valley?
As the market shifts from a tenant market to a landlord market, the question on many minds is when will someone spec a new office building? The Gardner Company has had recent success with the new 8th and Main tower and City Center Plaza, capturing pent up demand for true …
What Makes a COMP?
When renewing a lease or purchasing a building, the term “comp” (comparable) is thrown around as landlords and agents justify renewal rates and sales prices. As a tenant or buyer, you may even be provided these comps by the other party as proof that their offer is fair. However, I …
TI ALLOWANCES
For a small business, negotiating a new lease for office or industrial space is a complex process. The tenant improvement component of a lease, if not handled correctly, can be a thorn in the side of all employees for the entire term of a lease. Having to pay for cost …