In short, currently properties dominate the market and they are aware of it, but they are also aware that tenants look at their real estate costs much more than before and what is white today, tomorrow can be black and that is why they are always open to listening to the needs of a tenant who knows what he should do to optimize his real estate portfolio in order to improve his EBITDA.
Category: commercial real estate
The Netherlands has been the location of international corporates such as Philips, Shell and Unilever for decades. In recent years, international corporates like Netflix, Uber and Staples have established their headquarters in the Netherlands. Booking.com is currently building a new office campus of 730,000 ft2 in the Amsterdam city centre. Recently the European Medicines Agency (EMA) chose a 450,000 ft2 office for their transfer from London to Amsterdam. According to an EY report, 13% of companies leaving the UK are considering a new location as a result of Brexit: Netherlands. Why?
With the exclusion of base rent and other explicitly financial landlord concessions to the tenant, operating expense structure, definitions, and implementation thereof financially impact the tenant more than virtually any other section of an office lease. If tenants don’t negotiate and exercise their rights to conduct annual preliminary reviews to determine if a full audit is necessary, they are likely throwing money away and/or wasting the cost, time and energy of their team that negotiated optimal operating expense terms.
Operating Expense Definition – This is where the rubber meets the road. When the landlord is calculating operating expenses, this portion of the lease will dictate what is and isn’t allowed in the calculation, and will be relied upon should a dispute arise. This language should be thorough, concise, and clear.
Corporate tax issues have been the center stage this year as President Trump has implemented sweeping federal tax reform in the United States. Despite these federal changes, it remains critical to evaluate state tax conditions during the site selection process to identify a tax-friendly location for your company.
Autonomous cars will have a tremendous impact on real estate. Everyone knows the saying, “Location, location, location,” and the same will remain true. Landlords will be able to offer their tenants more amenities such as parks, gardens, jogging trails, sports fields, tennis courts, and putting greens, instead of meeting the minimum code parking requirement in that jurisdiction. Indoor parking garages will be converted to retail, gyms and additional office space.
This post was written by Wildmor Advisors, Exis members and regional tenant representation market leaders located in Atlanta, GA. To learn more about the company and the portfolio of services they provide, visit their profile. Atlanta has become a front runner in the race to become the home of Amazon’s HQ2. While we aren’t sure…