New developments and office space trends are key components in the Chicago office market, playing a significant role in the increased vacancy rate within the Central Business District.
Category: commercial real estate
Companies who are looking for space in southern California now have a “Tenant Guardian” to ensure they are protected and valued during increasingly complex real estate transactions; Exis Global, Inc., is excited to welcome Tenant Guardian to our growing platform of best-in-class tenant representation firms.
It’s no coincidence that Amazon’s two HQ2 winning regions represent the top two homes for tech workers in the United States. Techies are more likely to live in New York City or the Beltway than almost anywhere else. So, in the end, Amazon went where the experts are. So what does that mean for Philadelphia’s Center City? It means we need to find our place in the world and make ourselves a destination for a few major industries.
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.
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.