Real Estate Office Market Showing Signs of Recovery in Northern and Central New Jersey

The first quarter of 2011 represented the largest positive change in the real estate office market over the last four years. More office space was leased and sold than was vacated by tenants. The Class A availability rate declined to 22.3 %, which represented the lowest level in 2 years.…

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Commercial Property – 4 Elements Factored into a Termination Clause

Negotiating a commercial property termination clause In the current economic climate, tenants are concerned more than ever about making careful decisions regarding their commitment to expenditures for their business. One of the largest costs to operate a business is the real estate component, whether it’s leasing or owning space.  A…

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Electric Expense for Office Tenants

When looking for office space to lease, tenants should not overlook the cost variation charged for their electric consumption. There are three basic ways landlords measure usage and bill tenants in multi-tenanted office buildings: Tenant Electric - charge quoted as a fixed dollar amount per square foot on an annual…

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