by Pam Pester | Apr 6, 2020 | Leasing Tips, Tenant Representation
6 Tips for Renegotiating Rent Due to COVID-19 – Given the unprecedented and almost total shutdown of businesses due to COVID-19, many tenants will be unable to make their rental payments in the next several months. Here in Tampa Bay, we are seeing a...
by Pam Pester | Jan 6, 2020 | Florida Specific Articles, Leasing Tips, Occupancy Cost Reduction
Effective January 1, 2020, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) was reduced from 5.7% to 5.5% for payments received for occupancy periods beginning on or after January 1, 2020....
by Pam Pester | Oct 7, 2019 | Florida Specific Articles, Leasing Tips, Occupancy Cost Reduction
Commercial Real Estate (CRE) Rental Rates and Percentage Rent Increases In Popular Office Submarkets in the Tampa Bay Area. Submarket Q3 2014 Rental Rate Q3 2019 Rental Rate Percentage Rate West Shore $27.23 $37.41 27% Downtown Tampa $25.52 $34.50 25% Downtown St....
by Pam Pester | Sep 9, 2019 | Leasing Tips, Best Practices
Tenants frequently ask whether it is better to sign a short or long term commercial real estate lease. The answer is, it depends! Most commercial real estate tenants sign long term leases in hot markets when optimism is high, business is booming, and the outlook is...
by Pam Pester | May 29, 2019 | Leasing Tips, Commercial Lease Clauses and Legal Issues, Tenant Representation, Tenant Representation Process
Are you thinking about leasing a new commercial building or office space? Before you do anything else, review your current lease! Check for Restoration Provisions: Your existing commercial lease will spell out the obligations that relate to the maintenance and/or...
by Pam Pester | Mar 28, 2019 | Best Practices, Leasing Tips
Many tenants assume their commercial real estate lease will be renewed on reasonable terms and leave an insufficient amount of time for the renewal to be negotiated. Unfortunately, landlords frequently offer renewing tenants terms that are not as good as those offered...
