post

Why Most Tenants Overpay

Landlords know that the overwhelming majority of commercial tenants renew their leases. There are common and understandable reasons for this. First, let’s face it, it’s a hassle to move. It disrupts business and it’s stressful for everyone involved, including employees. Besides that, evaluating options requires an investment of both time and money. And then there’s...
post

Office Lease Renewal – The Landlord is Not Your Friend

DON'T GAMBLE WITH YOUR OFFICE LEASE RENEWAL One of the most common phrases I hear from office tenants is “the landlord is a friend” as reasoning why they don’t need professional representation. Ah, the Office Lease Renewal. Is there anything more misunderstood in commercial real estate? If you’re an office tenant considering going it alone I encourage...
post

Should Office Tenants Hire an Architect?

When Should an Office Tenant Hire Their Own Architect? As a tenant searching for new commercial office space the process can often be complicated and time-consuming. After hours of touring properties and narrowing down options the first phase of negotiations begins. With this phase comes an important decision to be made: Should the office tenant...
post

Houston Office Market Report: Mid-Year 2018

Houston Office Market Report: Mid-Year 2018Economic Indicators are Strong and Oil Market Continues Upward Trend. Houston Office Market Update As the 2017 calendar year came to a close, I noted the first glimpses of optimism within the Houston business community in a long time. The oil market was beginning to stabilize, and OPEC had recently...
post

Can Commercial Real Estate Adapt to the Self-Driving Revolution?

Can Commercial Real Estate Adapt to the Self-Driving Revolution?THE SELF-DRIVING REVOLUTION BEGINS The advent of self-driving vehicles has been well-established, written about, and discussed at this point. It should be obvious to anyone with a pulse that autonomous vehicles are headed toward mainstream adoption. The rate of that adoption is up for debate of course. ...
post

Houston Office Market Report: Year-End 2017

Houston Office Market Report: Year-End 2017Houston Office Vacancy Flat, Oil Market Strengthening With the second half of 2017 coming to a close there has been a renewed confidence in the Houston market. Disruptions to global oil supply including a leak in the Forties Pipeline system in the U.K., Iranian protests, economic uncertainty in Venezuela, and...
post

Add On Factor: Why Office Tenants Pay for Space They Don’t Use

Add On Factor: Why Office Tenants Pay for Space They Don't Use Rentable and Usable Office Space When leasing office space in a multi tenant office building it is important to understand the difference between rentable and usable square feet.  Some office tenants are not familiar with these terms.  Tenants unfamiliar with the concept of...