Smart Tips for Lease Negotiations
Follow these 6 tips when negotiating your first commercial lease.
Securing your first commercial real estate lease can be scary. Stuart D. Kaplan, partner and practice group leader of the Real Estate Development Group at Blank Rome LLPin New York City, offers these tips:
- Evaluate your space needs. Do you plan to grow your office? Your lease term will likely be for many years, so plan accordingly.
- View a lot of properties. Make sure you're comfortable with the price of comparable spaces before making your final decision.