Who Should Fit Out the Tenant’s Space?
Tenants spend a lot of time trying to find the right location for their business. They visit numerous buildings; test fit the spaces for efficiency and suitability and goes back and forth on...
View ArticleHow to Stay Within Your Tenant Improvement Budget
“A budget tells us what we can’t afford but it doesn’t keep us from buying it.” William Feather Building out new office space can be somewhat akin to buying a new car. We have all walked into a car...
View ArticleWine, Water and Real Estate Brokers
How much do labels affect our perception of quality? Apparently very much, as shown in study after study. Wine In 2001 a researcher at the University of Bordeaux, the very epicenter of the fine wine...
View ArticleSix Keys to Ensuring Great Space
You’ve just signed a new lease or agreed to renew your existing one. As you’ll be occupying this space for the foreseeable future, you want to make sure it not only supports your business operations,...
View ArticleLandlordholm Syndrome
Most people are familiar with the term “Stockholm Syndrome” which refers to psychological symptoms that sometimes occur in victims of a hostage situation. The term originated in Stockholm, Sweden in...
View ArticleWhat Can the Highest Grossing Movies of All Time Tell Us About the...
Can you name the five highest grossing films of all time? Looking at domestic box office receipts, the top five are: 1 Star Wars: The Force Awakens 937 2015 2 Avatar 761 2009 3 Titanic 659 1997 4...
View ArticleDon’t Put All Your Eggs in One Basket (Part 2 of 2)
Part 2: BATNA – Yours and Theirs In our last blog we reviewed traditional negotiating techniques and concluded that they all suffered from the unfounded assumption that “you had to deal with the cards...
View ArticleRecord Sale Price for BNY Mellon Center Isn’t High Enough
The pending sale of BNY Mellon Center is music to the ears of many Center City building owners. It wasn’t all that long ago that trophy buildings in the Central Business District could be had for as...
View ArticleHow To Know If You Got a Good Lease Deal
Everyone likes to get a great deal whether it’s on a new home, a new car or a new office lease. There’s pride in knowing that you got better terms than other people or that you were able to move the...
View ArticleThe Best Approach for Negotiating Rent Relief With Your Landlord
Over the past week, we have had numerous conversations with tenants and landlords about the COVID 19 pandemic, its impact on businesses and how landlords and their lenders will deal with tenants’...
View ArticleThe Looming Landlord/Tenant Divide
As recently as early March, landlords in Center City Philadelphia and the surrounding suburbs were sitting on top of the world. They were cutting lease deals and asking for rents that were, in some...
View ArticleIt’s a Good Time to Be a Tenant
Many landlords are scrambling to fill their current office vacancies before a mounting and sustained wave of excess space starts to come back to them in the coming months and years. This mad dash by...
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