The Rokos Minute
Expert commercial real estate advice from
award-winning brokers.
As your company grows operations, you will likely need to expand your real estate footprint beyond the market of your company headquarters. Finding the right commercial real estate broker in another state or even country is crucial to your overall project success. But how do you even begin going about this process?
With the present state of the office market, tenants continue to hold the upper hand. When renewing a lease with your current landlord, tenants have even more sway and power to land their ideal terms that best fit their overall space plans and financial goals. But how exactly is this accomplished?
Short-term office leases have grown in popularity as more and more business leaders are having less and less clarity about their future space needs. But landlords are often reluctant to sign agreements with tenants for a reduced time, so how exactly do you acquire a short-term lease?
One of the most common questions tenants ask is, “What exactly is the difference between a net lease and a gross lease?” Our answer? The differences are subtle, but each structure can produce different overall rental payment outcomes throughout your lease term.
In today’s world, people everywhere have embraced remote work – and many of them don’t want to give up the flexibility it provides. But switching to a fully remote work style can be damaging to your company’s culture and success.
All business needs ebb and flow over time, and the amount of square footage your business requires is no exception. If you happen to find that your business is long on square footage, there are at least four great ways to try to eliminate extra space and some of the associated costs.
There are plenty of potential pitfalls within a lease agreement, making it incredibly important that you do your due diligence when negotiating a new lease. But what exactly are those key items you need to analyze and review closely before signing on the dotted line?
When signing a new lease, having the option to sublease unneeded space in the future is an important tenant right to have. Unfortunately, if you aren’t careful, the sublease portion of your lease may not be set up to benefit you.
A renewal option is a crucial right to have in your lease. It gives your business the option to extend its lease beyond its initial term if your current space is still working for your business. But what exactly should be included in the renewal option clause?
Commercial real estate investing has long been viewed as an exciting alternative investment but, for many, appeared to be too complex and only for the ultra-wealthy. So what exactly does it take to invest? What is the process and is it a quick one? It may not be as complex as you think.
In today’s complex and challenging office leasing market, many landlords are bolstering tenant improvement allowances, commonly referred to as TI's, to attract businesses to their buildings. But what exactly is a tenant improvement allowance, and how can it benefit your company?
Employees everywhere have settled into work-from-home routines, making it almost impossible to convince many to forego sweatpants and a commute-free workday. So how exactly does a company with reluctant employees get its workers to return to work? You make the office a place that they WANT to be.
With ever-changing interest rates and rising inflation, many business owners find themselves grappling with financial stressors and uncertainty. For businesses who own their real estate and are looking to free up valuable balance sheet capital, it may be time to consider a sale-leaseback.
In this Rokos Minute, we’re breaking down the top four things companies should consider in order to create a successful hybrid workplace. These are: people, technology, collaboration, and amenities.
Expansion options allow a tenant to have preferential rights to expand within their current building. There are three common types of these lease clauses, and all have distinct advantages as well as some aspects to be wary of.
As hybrid work becomes the new standard, the availability of sublease spaces continues to remain high. These spaces present an enticing opportunity for tenants to secure premium-quality office space at a significantly reduced cost. However, it's essential to consider whether subleasing your office space is truly as advantageous as it initially appears.
If you run or own a business, at some point you will be faced with the question, “Should I buy or lease my property?” Our answer? It depends. In this video, we provide a breakdown of the pros and cons of each option to help you determine what the right choice is for your business.
The Great Resignation is a trend that began in early 2021 where a record-breaking number of employees began quitting their jobs. This wave of resignations has left businesses wondering what to do with their office space. To properly evaluate your real estate needs, it’s important to address three major topics.
There are several key differences between a standard office lease and a lease for a healthcare user. Although the overall leasing process for medical facilities is similar to other commercial leases, the specific clauses needing to be addressed and negotiated within healthcare lease agreements are highly specialized and specific to the healthcare industry.
In a commercial lease, landlords agree to pay for the maintenance of several standard items, such as the roof, sprinkler system and common areas. Any items not specifically stated as the landlord’s responsibility, however, fall directly onto the tenant. One of these items that can put a significant dent in your overhead costs is the HVAC system.
The tenant relocation clause is the landlord’s right to move your company into a different space within the same building or building campus during your lease term. It’s a common term that is most often used to accommodate a larger tenant’s requirement. And it can have a big impact on your business.
Since 1915, the most commonly used method of space measurement for commercial leasing has been revised six times, with the process only resulting in larger, not smaller, square footages. And when the overall size of your space is what determines your monthly rent payments, an unexpected increase in leased square footage can have a big impact on your bottom line.
While finding the perfect space for your business is one of the most exciting and impactful times for your business, it is also one of your biggest expenses and comes with many potential pitfalls. While this may seem relatively simple, there are a large variety of different lease formats, and all of these formats have some serious pros and cons for the business owner. It’s important to know which type you are signing because it will impact your ongoing costs significantly.
Understanding the difference between usable square footage and rentable square footage is important when it comes to signing your lease. Knowing the difference between these two terms will help you fully understand your space and the rent you will pay on it.
Cost is still the primary driving issue for law firms as they face mounting competition on the price clients pay for legal services. This means firms continue to look to real estate and the workplace for efficiencies and savings.
What is a 1031 exchange and how could it benefit you? The 1031 exchange strategy allows you to defer paying capital gain taxes when selling a property. Instead, you can reinvest those proceeds into another property.
One of the most common questions asked by clients is “How exactly does a tenant representation broker get paid?” Some may be surprised to learn that commission fees are a highly transparent and visible part of a real estate transaction.
Movement in the industrial real estate sector has skyrocketed over the past year largely due to the increase in e-commerce during the pandemic. But is the growth we saw during COVID a misleading indicator of future market movement?
The ways companies are utilizing office space has evolved since the onset of the COVID-19 pandemic. With people being home more and advancements in technology over the past year, remote work has become the new norm. In this Rokos Minute, you’ll learn about the four types of office models we are commonly discussing with our clients.
How do you find the right commercial real estate broker? This Rokos Minute covers the five questions you should ask yourself when choosing the best broker for your needs.
In the post COVID-19 world, tenants are looking for flexibility when it comes to committing to office space, forcing landlords to find creative ways to work with businesses on their leases or lease renewals.
Today’s topic is about helping start-up companies understand their office leasing options. When looking for new space, most start-up companies initially decide between coworking spaces or their own dedicated office.
Phased occupancy is a flexible growth strategy for a business to pay for and occupy only a portion of their square footage while gradually growing into their full space.
One effective way for companies to eliminate the risk of rising construction costs for their office buildout is to consider a spec suite. In this Rokos Minute, you’ll learn about spec suites and why this move-in ready solution is being embraced by more and more landlords and tenants alike.
Another effective mid-lease strategy are Lease Termination Options. These are options that are pre-negotiated at the time when a company initially signs a lease which allows the company to terminate their lease early.
Our next Mid-Lease Strategies topic is subleasing. We've seen a surge in sublease on the market during the pandemic, but here's what to know about subleasing your space before you start marketing it.
What can you do if you want out of your lease obligation? Try a lease buyout. A Lease Buyout is when you pay a pre-negotiated sum of money to buy out of your lease obligation prior to the lease-end.
Rent Deferment. What is it and how do you ask for it? In this week's Rokos Minute, we explain what rent deferment really means and how businesses can tactfully ask for short-term rent relief from their landlords. This is the second video in our mini-series on Mid-Lease Strategies.
Our first episode is the first topic in our mini series on Mid-Lease Strategies: Downsizing. What does it mean and how might you go about it?
Expert commercial real estate advice from
award-winning brokers.