Blend and Extend

So you’re locked into a lease and find yourself paying above market. What can you do? We recommend signing what we call a blend and extend lease, which true to its name involves extending your lease at a rate that blends your current rate with the market value. Here’s how it works:

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Best Ways For NYC Non-Profits To Navigate COVID-19 Recovery

NYC Non-Profits are faced with new challenges during COIVD-19 and many are forced to lower operating costs and keep cash. We are here to help Non-Profits strategize space needs for all stakeholders, consider their mission when finding a Landlord match, and ensure the economic terms allow them to spend less money on operating costs and more money on their mission.

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8 Ways to Help Protect Your Office Space From Coronavirus

Offices need to prepare themselves beyond Coronavirus. We must think about how to retrofit our current and future office space better to protect employees from current and future pathogens. This way, the next time a pathogen like SARS or Coronavirus spreads we can be better prepared. Here are 8 ways we can start.

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Is Your Business Paying Too Much For Electricity?

One of the best-kept secrets in the commercial real estate business, or at least one of the most lucrative secrets, is the degree to which landlords exploit the electricity clauses in their leases. Virtually every tenant over-pays for electricity. It’s an enormous profit center for building owners and landlords go out of their way to make electric clauses confusing. They do this because it makes them money. Even sophisticated tenants with smart attorneys routinely sign terrible electric clauses – in large part because they don’t fully understand what they are signing.

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The Eight Mistakes A Tenant Makes When Leasing Office Space

Hey, we all make mistakes – but when it comes to leasing office space for your business, mistakes equal dollars – sometimes big dollars. Here are the eight most common mistakes that a tenant make when renting office space, as well as an insider’s take on how to avoid making them.

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What is an SNDA and Do I Need One?

A Subordination and Non-Disturbance Agreement (SNDA) commonly called a “non-disturb” is an agreement that your landlord asks its lender to provide. The agreement basically says that if the building goes bankrupt and the lender takes control of the building from the landlord, the lender will honor your lease.

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Do Small Tenants Matter to Landlords?

In a word, yes. Why? Because small tenants are the lifeblood of Manhattan’s commercial real estate market. Really? Look at the graph below. 36% of commercial tenants rent less than 2,500 square feet of office space. In the world of big time Manhattan commercial real estate, do you know what 2,500 square feet is?

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The Big Apple: Understanding Office Options

If you ever walk in New York City, you’ll quickly realize the stores have a different vibe, the architecture suddenly changes, and people have a different aura. This is the beauty of Manhattan. Go ten blocks, and all of a sudden it’s a new experience.

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Top 4 Things to Know in Office Leasing

1. You matter to landlords: 78% of office leases in NYC are under 10,000 square feet, and 56% are under 5,000 square feet. You don’t have to be a large space footprint to matter to a landlord; smaller space footprints are the lifeblood of the NYC real estate market. Landlords look at more than just size when considering a tenant; are you good for the community? How financially sound is your firm? Is there growth potential here? Who are you serving? In a slightly softening real estate market, a landlord would rather keep you than negotiate a new deal with a new tenant, so you have leverage.

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The Rise of the Tech Firm in NYC: How to Win the Right Space

Less than a decade ago, if you were a tech start-up, you it was all about Silicon Valley. Times have changed. Over the past few years, there’s been a tech explosion in New York City, making it one of the hottest destinations for tech firms, rivaling Boston and Silicon Valley as the place to be. Thousands of start-ups originate in New York City each year, hundreds of which are funded.

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Wait, I Can Afford This!

There are a few things you know you’re getting when you get to New York City: incredible pizza, traffic jams at any time of the day or night, and some of the highest rental prices in the US. No way to avoid them right? Medici Living’s concept ‘Quarters’ would love to change that.

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The Coworking Craze: Is It For Me?

Coworking – it’s the talk of the town in New York City real estate, and has substantial impact on the city’s business landscape from small businesses to Fortune 500 companies, landlords to tenants, and us to you. We wanted to share information on the coworking solution and how to answer the question: “is this for me?”

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Warming Up Fintech: The Rise of Incubators in New York City

Silicon Valley has long since been renowned as the heart of startup, and to date houses the most tech companies in the world. However, recent years have seen New York City transform from a food and fashion hub into perhaps the hottest spot for young entrepreneurs with world-changing ideas, especially in the fintech field. With the rise of incubators, our city is disrupting life as we know it – one business at a time.

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