Confused About Where the Leasing Market Is Going?
Join the club. In today’s commercial leasing world, to say there is confusion would be an understatement. There are a few key scenarios that are influencing the direction or maybe one can say, the misdirection of the market. These include: Recovery from the recession Changing demographics of the workforce First, it is not #RocketSurgery to understand the economics that hit the market from 2008 through as late as 2015 in some markets. Tenants were scrambling to keep above wate
Honey, Our Office Grew
You’re half way through your lease and you get your usual monthly statement. But there’s something wrong. At least you think there’s something wrong. You knew your rent would increase by three percent on each anniversary of the Lease but your recent bill seems to reflect a greater increase. Is that possible? Is it legal? The answer is “Yes” and “Yes.” Every few years, Building Operators and Managers Association also known as BOMA (http://www.boma.org/Pages/default.aspx) modif
