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Wine, Water and Real Estate Brokers

How much do labels affect our perception of quality? Apparently very much, as shown in study after study. Wine In 2001 a researcher at the University of Bordeaux, the very epicenter of the fine wine world, recruited 54 oenology undergraduates (those are students...

Potato Chips and Leasing

We’ve all done it. Opened up a bag of potato chips to find a lot of empty air where the afternoon snack should be. In the food industry there’s a name for all that air. It’s called “Slack Fill.” Food producers will tell you that there is a legitimate reason for Slack...

Why Large Companies Don’t Maximize Negotiation Leverage

It’s startling to read a large tenant’s lease and discover how less favorable it is compared to what smaller tenants with less leverage achieved at the same time in the market. Sometimes, the rent and other cost exposures are higher; other times, the work...

How to Stay Within Your Tenant Improvement Budget

“A budget tells us what we can’t afford but it doesn’t keep us from buying it.” – William Feather Building out new office space can be somewhat akin to buying a new car. We have all walked into a car dealership with a firm budget in mind...

Who Should Fit Out the Tenant’s Space?

Tenants spend a lot of time trying to find the right location for their business. They visit numerous buildings; test fit the spaces for efficiency and suitability and go back and forth on negotiations with the landlord over the economic terms. However, the tenant...