How A Lease Audit Can Boost Your Bottom Line

Portfolio Lease Administration & Advisory Team | Lease Administration Services
May 8, 2023

Each year, commercial tenants collectively spend millions of dollars above and beyond their base rent in operating expenses. Unlike the rental rate that is negotiated and spelled out in the lease document, these operating expenses (OpEx) are subject to each property owner’s operating and accounting procedures. These charges are presented to tenants twice a year—in the beginning of the year as an operating expense budget, and at the end of the year as an operating expense reconciliation statement. These expenses are subject to interpretation, and unfortunately, errors can be made, unbeknownst to tenants who end up needlessly overpaying.

Spring 2023 National Industrial Market Outlook—The Winds of Change for Industrial Real Estate

Hughes Marino | Market Reports
April 6, 2023

After almost three years of declining availability, along with significant inflation of warehouse and industrial rents across most the United States, the winds of change are in the air. With Covid behind us and consumers shifting back to many of their pre-Covid purchasing patterns, the growth of e-commerce activity has flattened out, and so have those same e-commerce companies’ voracious demands for warehouse and fulfillment space. In fact, many companies like Amazon have concluded that they overextended themselves, creating too much overlap of facilities, and now not only has their growth ceased, but many of those companies are listing excess space on the market for sublease around the country.