According to CoStar, the average U.S. office vacancy rate decreased to 11.4 percent in the 2nd quarter of this year; however, many office markets are flourishing while others are stagnant. So, which areas are doing well and why?
In the February 2013 Commercial Real Estate Advisor: tax assessments for commercial real estate, avoiding these bits of advice while finding commercial property, avoiding the pitfalls of the standard lease contract.
Tenants should lock in historically low rates for as long as is feasible. However, such advice does not apply equally to San Francisco and Beijing,
let alone Minneapolis. The key to finding the optimal combination of space and lease terms is working with local experts.
"He helped us prepare offers and respond to the counter offers until we were able to come to an agreement, not only on the rental cost, but the tenant improvements, parking, storage and audit of building expenses..."