The office leasing market is in a state of confusion, causing some property owners to implement aggressive lease rates and incentive packages. Incentives, consisting primarily of reduced or free rent, are a given in this market. Anything is on the table, including increased tenant improvement allowances, turn-key build-outs and existing lease buy-outs. Expect to get [...]
On my drive into the office this morning I heard an interesting story on NPR about the “greening” of New York’s Empire State Building. The energy sustainability program that is being implemented will reduce greenhouse gas emissions by up to 38%, giving the building an Energy Star rating of 90 – they are also pursuing [...]
The article below by Brad Carlson of the Idaho Business Review tells the story of where office and retail rates are headed in Boise. Expect to see more landlord concessions.
Office, retail users target softer rents
Downtown Boise office and retail businesses are taking advantage of lower rents, Colliers International commercial real estate brokers Karen Warner and [...]
Determining how much square footage your business requires is an essential aspect of the office space search process. There are several different methods to calculate this; the simplest is to base your square footage requirement on the number of employees in your office.
Experts estimate that you need 200 to 250 square feet per employee. You [...]