Author: David Marino
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Six Mandates That Every Commercial Tenant Should Consider When Renewing a Lease
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By David Marino For many business leaders, renewing a lease feels like the path of least resistance. The team is settled, the location is familiar and operations continue uninterrupted. Compared to relocating, renewing can seem simpler, faster and less disruptive. But in today’s historically soft commercial real estate markets, a new landlord will often fight…
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By David Marino Commercial real estate leases are packed with terms and concepts that can catch even the savviest executives off guard. From hidden costs buried in rent structures to overlooked clauses that create real financial risk, understanding the language of leasing is essential. This can serve as a guide, breaking down key terms every business leader should know so…
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By David Marino As a business owner, or as another senior executive responsible for controlling costs, allocating capital and managing financial and strategic risks, your company’s corporate real estate spend is likely in the top three or four fixed costs. The real estate footprint today can directly affect employee recruiting, retention, engagement and time spent in the office. For manufacturing…
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A fundamental tenet of real estate valuation and development is that land gravitates to the highest and best use. The United States has a residential real estate crisis, where Zillow reported in 2024 that there’s a shortage of approximately 4.5 million housing units.
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By David Marino Commercial real estate is a “learning by doing” business. It is one of the only industries where there is no single class to take, no rule book and essentially no regulation that prepares a commercial real estate professional for lease transactions. Having been in commercial real estate for 35 years, representing tenants across all industries, size ranges…
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While you can hardly open a business periodical without reading about the meltdown of office space in the United States, until recently, few are talking about the slide of industrial real estate.
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In many real estate transactions, buyers and sellers assess the market value of a property using market comparables, or “comps,” of similar recently sold properties. Within residential real estate, comps are powerful indicators of market value since sales can be accurately compared (“comped”) with similar properties based on square footage, condition, age and other features like the number of bedrooms,…
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In 1954, Darrell Huff’s How to Lie with Statistics quickly became a standard textbook for any introductory statistics class, addressing thorny concepts such as random sampling, correlation versus causation and visual misrepresentation through scale manipulation or truncation. The book makes the case that we are all susceptible to being misled if we are not careful about the way we interpret…
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By David Marino Four years post-Covid, most employers and employees are now living the new normal—they are remote, hybrid or distributed, working where they thrive and often coming into the office three or four days a week. Right now, many companies have no formal policy as to days in the office, and most companies are not back in the office…
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Three and a half years post-COVID, and it’s universally understood that office commercial real estate is in crisis. Office vacancy rates have gone up 50% nationally due to companies downsizing as their leases expire and they implement remote working and hybrid work models. Yet national average asking rents for office space have not gone down… not by a single percentage…
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When the business community begins to open back up this year, many business owners and executive teams are going to look around at all of their excess space remaining from reductions in force and team members working from home post-Covid and wonder what to do about it. With the business community considering how to rebuild their organizations, there will be anemic demand…
