Usable square footage is always smaller than rentable square footage. The difference between the rentable square footage and usable footage is called the “loss factor” – or as we like to call it, the rubber ruler.
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Where to Find the Cheapest Office Space
If you’re looking to find the cheapest office space in New York City, there’s nowhere better than downtown Manhattan (defined as south of Chambers Street, river to river).
How Long Does the Leasing and Moving Process Take?
The amount of time it takes to lease a new office space and move into it varies greatly from tenant to tenant, but there are some rules of thumb you can consider.
5 Questions To Ask Your Potential Broker
Just because you’re not personally paying the tenant representative broker doesn’t mean you shouldn’t do your research. We’ve compiled 5 questions you must ask before hiring your broker.
Renting Medical Office Space
When renting medical space in New York City, it is important to realize that a significant number of landlords aren’t keen on renting their spaces to medical folks. Many landlords may opt not to have medical tenants because of all the added foot traffic and specific construction requirements.
When To Renew Your Lease
If you’re 10,000 square feet or smaller, you want to give yourself 9–18 months whether you’re moving or renewing. That said, the sooner you start looking for a new space, or looking into renewing your lease, the better. Here’s why.