Someone knowledgeable in legal semantics or commercial real estate terms would probably describe a commercial lease as a contract by which one party conveys real estate, equipment, or facilities for a specified term and rent. And they would be correct,…
Previously, we discussed the pros and cons of buying versus leasing a building for your company operations. In this piece, we will outline the benefits and drawbacks of leasing commercial real estate. When choosing whether to buy or lease commercial…
If you have a business, and need a place to operate, you have an important decision to make – buying vs. leasing commercial real estate. There are positive and negative aspects to each option. Today we will try to help…
When the COVID-19 pandemic hit, many companies transitioned their operations from a daily physical office space to remote or hybrid work options for the safety and wellbeing of their employees, leaving many offices deserted. Firms with office space in commercial…
To continue our introduction of the commercial real estate market, I thought it would be helpful to review the various types of commercial buildings. Commercial real estate classification can be broken down into eight basic groups: Office Industrial Flex Retail…
Although I’ve written a number of blogs on the various aspects of commercial real estate, such as commercial subleases, sale/leasebacks and OPEX pass throughs, I thought it would be a good idea to go back to the basics for those…
When I was a young broker in the late 1980’s, I attended a dinner where a number of real estate developers spoke. When asked about operating expenses, one of the speakers, who was a New York City landlord, answered that…
Today, we begin a series of articles on the various aspects of a commercial real estate lease. To kick it off, we present a two-part piece on a commercial sublease, first focusing on the rights and obligations of a tenant…
McBride Corporate Real Estate, a leading tri-state area commercial real estate brokerage firm, has announced that Robert Tillsley has been selected as one of the 2021 NJBIZ ICON Honorees. The prestigious recognition acknowledges business leaders for their contributions, success and…
“Knowledge is power.” Those words coined by Francis Bacon in 1597 still ring true today—particularly when it comes to deciding whether to renew your lease or move on. Let’s assume for this exercise that your current space is functional for…
