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Moving ? Landlords are picking up the tab PDF Print E-mail
Written by Dean Kaufman   
Editor's note: This is the second of a short four part series on leasing space for your business; we will publish all four parts over the next few days.

In today's market, landlords are covering an increasing portion of the tenant improvement cost, often 100%. Factors that affect a landlord's willingness to cover these costs include:
  • Tenant's financial strength
  • Total cost to complete the tenant improvements
  • Layout of the space (unique or re- leasable?)
  • Lease duration
What about the other moving costs? Items such as cabling, changing stationary and moving or buying furniture are typically born by the tenant. A new trend creeping into the tenant-friendly market is the willingness of landlords to contribute to these expenses. The landlord's contribution can take several forms, including:
  • A "moving allowance", to reimburse the tenant's actual moving expenses.
  • The ability to apply unused tenant improvement funds to moving expenses.
  • Additional free rent
Your tenant broker can provide a strategy to capitalize on current market conditions. Removing the moving costs from the equation allows a tenant to consider all of the opportunities the market has to offer.

About the Author
Dean Kaufman, Colliers International Las Vegas
DKaufman@lvcolliers.com

About Colliers Las Vegas, Vegas Valley Office Team
The Vegas Valley Office Team offers over 75 years of office leasing and sales experience. Comprised of 5 brokers and 1 executive administrator, the Team offers a hands on approach to all facets of landlord and tenant representation. The Team offers unrivaled market insight while fostering a culture of personalized service for its clients.



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Real Invest 2.0
 
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