Aug 11, 2015
A: The market is changing. Office rates are rising. In addition, tenants are seeing building operating expenses significantly increase and "Plus Electricity" leases are becoming more common. There is new speculative office space under construction. However, these...
Aug 11, 2015
A: The answer is as individual as each client. If timing is everything, leasing may be the best option for an organization that’s growing and wants the flexibility to expand and contract. If your organization has a good cash flow or has money from a capital campaign,...
Aug 11, 2015
A: Using a big firm is the "safe choice". However, it’s a misconception that a big firm guarantees the best solution. Often, larger firms turn over not-for-profit and small business clients to younger, less experienced brokers, or the firm itself doesn’t have great...
Aug 11, 2015
A: It’s not a good idea. Putting a board member in the position of finding a pro bono solution can cause conflicts with his/her firm and the organization. Leave your real estate experts in a policy-making role. Treat your organization’s real estate needs as an...
Aug 11, 2015
Sophisticated tenants and buyers guarantee accountability by giving one broker the exclusive right to represent them. There are three basic reasons for doing this: An exclusive broker can be objective in advising the tenant or buyer, since compensation is not...
