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Why Lease Flexibility is So Important in an Uncertain World
Lease Flexibility - If we have learned anything over the last fourteen months, it is that global economic conditions can change rapidly. The companies that will thrive moving forward are those that are nimble and can rapidly respond to those changing conditions. We...
Tech Company Relocations to the Tampa Bay Soar in 2021
Nine Companies that relocated their headquarters or opened new offices in Tampa Bay in 2021 At a time when states like California and New York are seeing more move-outs than move-ins, approximately 1,000 people a day continue to move to Florida. With the ability to...
Tampa Bay Office Market Report Q1 2021
Tampa Bay Economy. The Tampa Bay region had an unemployment rate of 4.2% in February 2021, down thirty basis points (bps) from January 2021 but up 110 basis points from a year ago. The national unemployment rate was 6.2% in February 2021, so the Tampa Bay region...
What is a Letter of intent and Why Are They Useful?
No one wants to waste time and money on a commercial real estate transaction that the parties will never complete. A well-drafted, nonbinding letter of intent (LOI) can be a valuable first step in determining whether there is a deal to be made before too much expense...
What is the Difference between a Triple Net and a Gross Lease?
Understanding the Three Types of Commercial Leases When leasing commercial real estate, you need to be certain that you understand how “rent” is quoted so that you can compare rates between leases. Your decision to enter into a lease without understanding the...
How to Avoid Commercial Real Estate Pitfalls
The best way to avoid mistakes when buying, selling, or leasing commercial real estate is to hire an experienced commercial real estate broker. An experienced broker can save you time and money and will help you obtain the best terms and conditions. Saves Time. Most...
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