skill: What is a lease abstract and how can it help your business?
- 06/22/10 08:05 AM
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)
skill: Newmark Knight Frank - Detroit Office Market Report - 1Q10
- 06/22/10 07:00 AM
Weakening conditions prevailed in the Detroit office market during the first quarter as the vacancy rate rose to 24.7% from 24.2% in the fourth quarter of 2009. The vacancy rate has remained above 20.0% for over three years. Total net absorption was negative for the ninth consecutive quarter as 418,407 square feet were returned to the market. Average asking rents declined slightly in the first quarter to $19.63/sf from $19.67/sf in the fourth quarter and were down 1.7% from $19.97/sf reported one year ago. Rents have declined 15.3% from $22.63/sf, the peak during the fourth quarter of 2000. In the … (0 comments)
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.
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:
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