MySquareFeet Blog

Connecticut Office Space Is On Sale Now!

2009-05-01T11:53:08-04:00

If you're coming close to the end of your lease and you are in a financial position to take advantage of this oversupply of office space on the market, now is the perfect time to start shopping and trade up to class A space in that swanky glass tower you've been longing for without breaking the bank.

It’s Hot, It’s Cold! Temperature Control in an office building.

2009-03-27T17:23:50-04:00

Before you lease space, you should understand how the space is heated and cooled and how you can control the temperature in your space. It is a lot easier to understand how an HVAC system works before you move in, than battle the issue for the entire term of your lease. Frequently tenants don't ask about HVAC control, only to regret not getting the information later.

Is now a good time to invest in commercial real estate?

2009-03-04T19:16:00-05:00

While most financial professionals think it unlikely that the commercial real estate market will melt down, most will acknowledge that a price adjustment of 10-20% would not be unexpected.

It's Electrifying! How tenant electric is charged to you.

2009-01-19T03:00:00-05:00

Landlords handle electric charges in their buildings in a variety of ways. Here are the most common ways electric use is charged to tenants in commercial real estate.

Help! My retail rent is too high, how can I lower it?

2009-01-07T09:23:50-05:00

Landlords are business people just like you and they have a vested interest in keeping their property leased. An inventory of vacant retail spaces in a down economy is not something a landlord wants to have. In all probability, he would have a very difficult time re-leasing your space if you closed up, and he would probably have to reduce the rent to compete with all the other vacant space sure to come on the market shortly. If you need an adjustment in your rent to stay in business, now is the time to have a conversation with your landlord about a rent reduction.

Operating Expense Escalations Explained

2008-04-08T11:51:17-04:00

It would appear that tenants have no control over how much operating expenses increase, but that is not always the case. There are some simple things a tenant can do to avoid excessive operating expense escalation costs

Security Deposits Explained

2008-02-27T17:10:00-05:00

Commercial property security deposits come in all sizes. I have seen demands from owners that range from a full personal guarantee for the entire rent amount over the term of a lease, to just a month’s equivalent rent.

Office Suites, A Sweet Alternative

2008-02-12T12:01:37-05:00

For Valentine's Day, I thought I would examine a "suite" alternative to leasing conventional office space for small businesses. Office suites offer many different service packages and levels, basic to gold plated opulence, but they all do one basic thing - provide an immediate plug-and-play office for your business.

On Rentable Square Feet, Usable Square Feet and Measuring Office Space

2008-02-06T19:20:20-05:00

Short of actually getting a scale drawing of the building and measuring the usable square footage, or getting a certification from an architect who did a field measurement of the building, there is no way to verify if an owner’s representation is accurate.

For Lease Signs or Goldilocks and the Three Bears

2008-01-31T19:17:18-05:00

Here is an example of a "just right" office space for lease sign. It was inexpensive, visible at eye level and told me everything I needed to know; this was was office space for lease, it was a single office, it was offered by the owner directly, he was paying broker commissions and I had a phone number to contact him.