it usually gives you the number of spaces per 1,000 square feet.
You can then use one property’s parking ratio as a baseline to compare with others.
ESCALATION CLAUSE
This can increase rent over the years. It is usually used in a long- term lease. It protects landlords from the rising cost of land and from losing money to an outdated lease. Increases in the clause can be based on an increase in property taxes, operating expenses, or the Consumer Price Index. You can try and negotiate a delay in your clauses that could make it kick in only for the end of the lease. You can also negotiate a cap on it. There is also an option to negotiate a set escalation each year. Your real estate broker will know if it’s a good deal based on the projected tax and market rates. In this scenario you would save money with a set escalation clause. If the market rate shot up but you were locked in, the set rate in your lease will prove to be extremely beneficial. Each of these options is completely dependent on the landlord and how they do business, however. They are more than worth exploring to see what you can and can’t negotiate on your lease.
REQUEST FOR PROPOSAL (RFP) POSAL (RFP)
This is one of the first things you do when seriously considering a certain office space. Send out an RFP to the perspective landlord describing your wants and needs and asking them for specifics. They have some time to respond to it.
This lets the landlord know your general needs and opens the
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