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July 11, 2018

Project Management for an Office Buildout

Posted by Ten Fong in Design and Construction

Why, When and Who to Hire You’ve got a project coming up that involves that whole design and construction process thing. And when you start thinking about it, the process doesn’t seem all that overwhelming? We’ve all run projects of one size or another; from installing a door knob to remodeling a house. Some of […]

July 11, 2018

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Office Space, If You Only Do Three Things

Posted by Ten Fong in Site Selection

How to Minimize the Cost of Office Space Every office tenant wants the highest quality office space available that fits within their budget. In other words, they want the best value that fits within their total overhead cost structure. The ability to achieve this objective requires an understanding of what drives costs and how to […]

July 11, 2018

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Office Relocation Checklist

Posted by Ten Fong in Design and Construction

A Step-by-Step Guide You have finalized a lease for a new location, now comes the task of planning and executing the relocation of your offices. Moving your office is a huge task for any organization. Many companies are completely unfamiliar with how to prepare for a corporate move, and the bigger the company or […]

July 11, 2018

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Negotiating the Tenant Improvement Allowance

Posted by Ten Fong in Negotiating

The Tenant Improvement Allowance, Get as much as you can, and maintain control of the build-out process A key component of any lease negotiation is the tenant improvement allowance provided by the landlord to build-out or retrofit an office space for the tenant’s specific use. The amount of the tenant improvement allowance, as […]

July 11, 2018

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Negotiating the Renewal Option

Posted by Ten Fong in Negotiating

Who Benefits from a Renewal Option? Most commercial leases are long-term in nature, typically 5, 7 or 10 years in length, but also typically contain provisions for extending the lease beyond the initial term. A renewal clause in a real estate lease allows a tenant to decide whether or not to extend the lease once […]

July 11, 2018

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Key Lease Terms to Consider in a Commercial Office Lease

Posted by Ten Fong in Negotiating

Office Leases are Complex Legal Documents Commercial lease agreements are one of the more complex legal documents an office tenant will have to negotiate. Beyond the basic business terms such as rental rate, build-out allowance, operating expenses and term of the lease, a commercial lease includes many separate agreements which, taken alone, are complex in […]

July 11, 2018

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Is Your Rent-to-Revenue Ratio on Target?

Posted by Ten Fong in Design and Construction

Better Metrics, Better Decision Making for CRE Most companies use a few basic metrics when comparing various office locations from a transactional standpoint or attempting to benchmark the performance of various operating properties across their real estate portfolio. The three most utilized measures are: Cost per square foot Square feet per person […]

July 11, 2018

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How to Structure a More Flexible Office Lease

Posted by Ten Fong in Design and Construction

Incorporating Flexibility into Long-Term Leases Lease agreements are typically fairly long-term contract arrangements, often 3-15 years. Predicting longer term business cycles beyond 2-3 years makes planning future space requirements for office tenants a difficult proposition. Why Aren’t Short-Term Leases More Prevalent? There are multiple reasons building owners shy away from shorter term leases that […]

July 11, 2018

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Have We Taken Workspace Efficiency Too Far?

Posted by Ten Fong in Design and Construction

Office Space Design in the Changing Workplace Most of us in the corporate real estate world agree that the workplace is rapidly changing. These dramatic changes to the workplace are a result of the emerging utilization of mobile devices , cloud computing, changing demographics in the workforce and corporate efficiency initiatives. Over the […]

July 11, 2018

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Got Signage?

Posted by Ten Fong in Design and Construction

Sign Rights for Office Tenants A few days ago I got a phone call from someone, a physician, that I didn’t previously know. He had a question for me, as he wanted to know how a Landlord decides what tenants get their name on the monument sign outside and office building. […]