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condition: What is a lease abstract and how can it help your business? - 06/22/10 03:05 PM
Most corporate real estate leases consist of several dozen pages and in some cases upwards of a hundred pages or more.  A lease abstract is a 1 or 2 page snap-shot of your lease in an easy to read format.  The process involves reading through your entire lease and abstracting pertinent information.  Some examples of extracted information include the following:
  •  Date Lease Signed
  •  Date Lease Expires
  •  Length of Term
  •  Current Rate Being Paid PSF
  •  Escalation Clause
  •  Termination Options
  •  Security Deposit
  •  Penalty Fees If Any
  •  Renewal Options
  •  Contraction & Expansion Options
… (1 comments)

condition: Newmark Knight Frank - Detroit Industrial Market Report - 1Q10 - 06/22/10 02:15 PM

Conditions in the Detroit industrial market continued to weaken during the first quarter of 2010. Total net absorption was negative for the sixth consecutive quarter as nearly 1.7 million square feet were put back on the market.  The vacancy rate increased to 20.0%, the Detroit industrial market high on record since 2000.  The average asking rent fell to its lowest point on record to $4.02/sf from $4.04/sf reported during the fourth quarter of 2009.  Average asking rents in the Detroit industrial market have remained in the $4/sf to $5/sf range for the past eight years.
The Groesbeck submarket was one … (0 comments)

 
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Jason Tucker

Richmond, VA

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Address: Richmond, VA, 23294

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Jason is personally committed to a holistic approach for assisting local and international companies with their strategic real estate needs. He provides his clients with targeted real estate market research, industry trend analysis, and logistics solutions that enable them to make well-informed, cost-effective decisions about their businesses.


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