Lease Escalations

Lease Escalations

Q:  What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases? A:  There are no standard or published...
Lease Escalations

Lease Escalations

What is a fair rent increase in a commercial lease? My firm is negotiating a lease on an industrial building, and the landlord is asking for a 4% escalation every year. Is there a standard rent increase for industrial leases? There are no standard or published lease...
Three Most Important Criteria In Buying Real Estate

Three Most Important Criteria In Buying Real Estate

Q:  We want to purchase an industrial building to house our growing import and distribution business. I have heard that the three most important criteria in selecting real estate are “location, location, and location.” What other criteria would you suggest? In...
Evaluating the Buyer

Evaluating the Buyer

Q: We are selling an industrial building and have multiple offers that are very close. Besides price, how else would you evaluate the offers in making a final decision? A:   This has been a common occurrence on Long Island in the last few years (and...