I own an industrial building with several tenants. What are the very best ways to reduce my marketing and leasing costs when the leases with my tenants expire? Professional landlords know that one of the best ways to reduce their marketing and leasing costs is to retain their existing tenants. In...

We are just starting to look for larger warehouse and manufacturing space. Why does our broker insist on showing us space that is out of our budget? Unless your broker is offering you space wildly out of budget, he is absolutely correct to be ignoring the asking price in showing you current...

We are in the process of hiring an exclusive broker to represent us in leasing office space for our new corporate headquarters. He mentioned the possibility of dual agency in handling this assignment.  What is dual agency and how would it affect us? Quoting from the New York Department of State,...

We are in the process of deciding where to lease new office space and have several alternatives. What is the best way to financially evaluate two or more leases?  The very first step in comparing two or more lease alternatives is to understand the financial impact of each.  Of course, there will...

We will be placing our professional building on the market shortly. What are some of the steps we can take now to avoid problems in the selling process? You are smart to be thinking ahead. Hasty, ill-informed, and costly decisions are often the result of being confronted with unknown problems and...

We are moving to a new location, and are vacating an industrial building that is currently on the market for sale. It is not practical for us to have an employee stay on site, or regularly travel to the building. Do you have any recommendations? In a sense, a building is a living, breathing...

Our company needs to move to larger offices, but we still have nearly two years to go on our existing lease. Subleasing has turned out to be very difficult. What are our options? Your subleasing is probably difficult because of the short term left on your lease.  A lease is a depreciating...

We will be placing our industrial building on the market shortly. What should be done to prepare the building for showing to prospective buyers? “Sell the sizzle, not the steak” is an age-old axiom of marketing that can be applied to the sale or lease of commercial property. While it is true that...

We have owned a 50,000 square foot warehouse building that houses our distribution business for many years. What is the best way to unlock the equity in the building in this hot real estate market? Your problem is a common one. I assume that the building is at least close to being fully...

We own an office building on Long Island that houses our own offices, as well as several tenants. We recently had a tenant close his doors after only a single year of occupancy. How do we avoid this in the future? As a landlord, you will be investing thousands of dollars in securing a new tenant...