Exis is excited to announce the addition of three new partners to add to our growing world presence: Benchmark Commercial (Denver), Landmark Advisory Services (Montréal and Calgary), and The Tenant Agency (Washington, D.C. – who replaced former partner The Ezra Company).
In October and November, over 60 Exis partner firm representatives gathered for Exis’s annual regional events: the North American Summit, held in Costa Mesa, CA in conjunction with the CoreNet Global North American Summit, and the European Summit, held in Amsterdam, Netherlands.
In order to compare a deal to the market, one must have access to quality data. Maintaining a database of relevant transaction comps is critical. Comps need to include details on all variables which drive landlord returns; this includes average net rental rates over the term of the lease, as well as landlord concessions such as tenant improvement allowances, free rent, and commissions.
Every tenant is in a different situation, so there are no hard and fast rules. However, your representation team (both your broker and your real estate lawyer) needs to be strategic in language negotiated to clearly define the landlord right, various mechanics of exercising the right, and the limitations of the right to protect your business.
Landlords need relocation rights to maximize revenues for the building or project. This scenario occurs frequently in a newly completed building or one that is under construction and pre-leasing space. Having the ability to move a smaller tenant to another area on the same floor or to another floor in order to accommodate a larger tenant is ideal for landlords in securing tenants that may need a full floor or prefer a certain area of the building.
Biophilia is a fancy word to describe a love for nature and life. It was introduced to the mainstream in the 1980’s, when scientists suggested that human beings have a genetic predisposition to seek out connections with the natural world. In other words, people are naturally biophilic.
As the West Midtown boom builds, businesses are flocking to the district to capitalize on the consumer draw and the fresh workforce moving in. Read on to learn about each of these developments and how businesses can benefit from their renewed energy.
Millennial workers don’t want gimmicks like ping-pong tables and video game rooms; they want workspaces and cultures that are as diverse, collaborative, and flexible as they are. This trend is not likely to stop either. The next workforce, made up of Gen-Z, is even more educated and diverse.
Our Spain partner, The Tenant Solution (TTS) describes and analyzes, from a general point of view, the determining factors that explain why Spain is becoming an optimal option for large multinational corporations when establishing their headquarters and developing their businesses in European territory.