A Modified Gross Lease is a type of commercial lease agreement where the tenant pays a base rent along with a specified combination of the operating expenses associated with the property. These expenses can include utilities, maintenance, insurance, and taxes. The unique aspect of this lease is the negotiation flexibility it offers, allowing tenants and landlords to tailor the agreement...
During this COVID-19 pandemic, we have been hard at work checking on clients, keeping deals moving forward, and doing our best to see around the corner of what this unprecedented event will mean for our commercial real estate industry. We felt that it would be helpful in this time to share some of the feedback and insights we’ve received from the...
Hey everybody! I hope you are out there staying safe, staying healthy, staying clean. We've got our Lysol wipes and staying clean here at Elifin! Make sure you sanitize, because we've got the coronavirus going around and there's serious health concerns there. But, I'm coming to you with three economic survival tips for tenants. This mostly applies to retail tenants because,...
For most businesses, the primary office space is a hub, home base and vital part of daily operations. However, leasing an office can be a company’s largest business expense. So, when it comes to re-signing your office lease it is important to be prepared. The following 5 tips will not only help you when re-signing your office lease but allow...
Your company office space reveals crucial details about the culture and brand. Where your company chooses to make its “home away from home” impacts client/customer experience, employee morale, and ultimately your overall success. Whether you have decided to expand into your first office space or find a new space that is more aligned with your needs, it is vital to...
Finding the right retail space to showcase your business and properly reflect your brand’s likeness can be a daunting task. Whether you are just starting out with your first brick-and-mortar location or growing to new sites, there are a few important things to remember. Regardless, if you plan to buy or lease a retail property, we have compiled a list...
Big data is not necessarily a new concept. However, it has been a big topic of conversation when it comes to commercial real estate lately. “Although Big Data is not new, its exponential growth within CRE is. Today’s challenge involves getting a handle on a workable platform, taking the right steps in assembling a CRE data repository, isolating meaningful data...
There is no denying that the commercial real estate industry has changed drastically over the years. One of the primary advances has been via property technology (or PropTech), which has changed the very way that we interact with physical buildings. This, paired with an increased desire (or in some cases, need) for multifamily properties, has caused significant changes — particularly...
The multifamily sector is one that normally remains strong. As the population in the United States grows and the economy changes, one thing remains constant, people need a place to live. In the past 5 years, there have been varying trends that have impacted the multifamily sector as a whole, mainly due to the generation that make up the majority...
Coworking has become a true buzzword over the past few years since the term was coined in 2005 by Brad Neuberg, the originator of the co-working space. Coworking can be defined as any office or work environment that is shared by various employees. Since its inception in 2005, studies show that there are now more than 18,000 coworking spaces worldwide. In...