Author: Scot Ginsburg
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Make Better Leasing Deals by Understanding “Microclimates”
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Finding the best deal when leasing commercial real estate demands strategy. You might be a poker player who knows how to hold your cards close to your vest. Or, you may be something of a chess master, always thinking three steps ahead. Those strategies are key—but neither is more important than knowing how to read…
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A lease expiration is one of those down-the-road events that just seem to creep up on you faster than anticipated. All too often, the lease negotiation process does not obtain enough attention until close to the end of the current lease term.
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Has the San Diego commercial real estate market turned the corner? Not so fast. Only certain areas in San Diego, namely biotech space and Class A office buildings, are hot to trot. Rental rates are slowly climbing and vacancies are dropping for these building types as we just rounded up the first quarter of 2011.
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Did you know? Landlord billing errors do exist. But with the right expert on your lease audit team, you can identify and recover those errors—potentially saving you millions. Millions of dollars in recoveries can be achieved . With an expert conducting a thorough examination of pass-through and other occupancy-related expenses, you’re not leaving valuable savings on the table. Time is of…
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As the commercial real estate market moves through its cyclical ups and downs, there are many windows of opportunity that periodically open up for savvy tenants to pounce on when the timing is right. Of course, it’s also important to always keep in mind the old adage of “look before you leap” – especially with longer term lease commitments that…
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San Diego County direct vacancy at the end of 2011 sits at 16.0%, down from 16.9% at year-end 2010; this marks two consecutive years of positive growth after vacancy peaked in Q1 2010 at 17.3%. Total net absorption for 2011 was positive 634,000 SF, far outpacing new inventory that came to market during the year. Significant occupancy gains in the…
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The current market conditions are optimal for biotech companies — or any type of tech operation — to get a great deal on office, R&D or lab space. Whether you are coming toward the end of an existing lease term and considering renewal or you’re out on the market looking for new or expansion space, it’s always a good idea…
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Rental rates for commercial space are still declining and bargains for tenants remain plentiful. Real estate values have crumbled anywhere from 25-40%, but it does not appear a mass exodus has occurred at the investor level. Are we at the bottom? Who knows, but U.S. unemployment rates are holding near the 10% mark. Will it increase or decrease? That’s the…
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Many landlords have deep pockets and have weathered the economic storm, but some ownerships (including sublessors) might be on thin ice. Therefore, tenants out there should be more cautious than normal and develop a strategy to mitigate their real estate risk when securing space in today’s environment
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After an extended period going through a down market, it can be a very difficult guessing game to spot when the rebound actually starts – and even harder to tailor your strategies to take maximum advantage of the shifting market dynamics. It’s important to keep in mind that landlords are also closely watching for signs of the rebound and are…
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As recently as nine months ago, large tenants scouting out space along the Interstate 15 Corridor had a wide range of choices. With a notable exception, it’s not so much the case anymore, according to panelists at a meeting on opportunities for tenants along the corridor that was held Thursday at the Sabre Springs Corporate Center. Scot Ginsburg, a tenant…