NEWS and Blogs

When renewing your commercial lease, resetting your base year is crucial because it aligns your operating expenses with current market conditions rather than outdated benchmarks. You could save significant money by avoiding payments based on old expense levels, while providing a fair starting point for both landlord and tenant in the new lease term. Most importantly, understanding this concept gives you a powerful negotiating tool during renewal discussions.

Introduction In the competitive field of commercial real estate, the concepts of usable square feet (USF) and rentable square feet (RSF) are pivotal, especially for tenants seeking the ideal office space and landlords aiming to maximize returns. Understanding these...