Most people have some misconceptions regarding office and retail space in Manhattan. Many feel as though approaching a landlord directly will enable them to get a better deal. This is a false statement. All Landlords attempt to get the highest rents they possibly can. There’s nothing wrong with that given that that’s their business.
As a tenant, you’re objective should be finding the right space at the right price. Hiring a broker to represent you is generally free (as all commissions come from the landlord) and can help ensure that you get the best possible deal.
Being a few points off on rent, escalations, electric, rent abatements and certain legal lease clauses can end up costing a tenant thousands and thousands of dollars. We’ll take you through the planning process step-by-step, to help you determine which space is right for you.
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