Whether bringing your business to a new property or engaging in a renegotiation with your current landlord, you deserve the most tenant-friendly agreement possible, and you should not have to learn the intricacies of commercial real estate to get there. Working with a local market specialist ensures that your team is equipped with the most timely and relevant information; real-time market knowledge that can be used to leverage a favorable agreement - both in your current building or one nearby.
When it comes to Midtown office space, our team can offer guidance across a variety of manners:
- Sourcing available space (direct & subleases)
- Lease renewals
- Lease buyouts
- Subleasing
- Flex-space/coworking options
- Assignments
- Commercial condo purchases
- Lease restructures
The Cost of a Broker
Unlike residential real estate, where brokerage fees are often paid by the party renting/purchasing, all fees in office leasing transactions are covered by the landlord representing the space; in short, there is no cost for you to work with a tenant broker. Keep in mind our brokers represent tenants exclusively— meaning there are zero ulterior motives which would benefit a landlord. In each and every transaction, our duty is to you and only to you.
Lease Agreements
Commercial lease agreements are immensely (and often times, unnecessarily) sophisticated and require a great deal of careful consideration. A subset of the most salient considerations we specialize in include:
- Sublet and assignment clauses
- Escalation charges
- Real estate taxes
- Electricity costs
- Rentable vs. usable square feet
- Alteration clauses
- Heating, ventilation, and air conditioning
- Expansion, renewal, relocation, cancellation clauses
Your lease must have careful delineation for each of these items and many others. Protect your business with a lease agreement which exceeds industry standards.
Sublease Agreements
When your business needs to vacate a space and manage the remaining term, our brokers can assist in sublease marketing and identifying a qualified subtenant quickly and efficiently. Additionally, we specialize in direct lease marketing for tenants interested in being completely absolved with the introduction of a replacement tenant. To discuss sublease marketing or eligibility for direct lease marketing, call or email officespace@noahre.com.
