What are Capital Improvements? Capital improvement is work done to a commercial property (office, retail, or industrial) that is undertaken to improve or extend the normal economic life of an existing structure. Deductions are not done for capital repairs, the cost is added to the cost of the property. Why does this matter to tenants?…
Class A Class A buildings are the most prestigious of buildings–competing for premier office users with rents above average for the area. Class A buildings have high quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence. Class B Class B buildings compete for a wide range of users with…
Common Area defined For lease purposes, common area is defined as the areas of a building that are available for the nonexclusive use of all its tenants, such as lobbies, corridors, and parking lots. Common Area Maintenance (CAM) Common Area Maintenance (CAM) charges are charges that are paid by the tenant for the upkeep of areas designated…
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Tenant Representation Brokers Know the Cards and How They are Played We are full time commercial real estate experts that have landlord and tenant rep experience. We have been on both sides of the table and know how to achieve goals for our clients with a track record to prove it! We fully understand the…
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