Are you overwhelmed with the task of calculating your office space rent? This crucial step is often complex, given factors like square footage and location. This article will simplify this process by breaking down how to calculate monthly and annual commercial rent. Ready to master your office leasing expenses? Let's dive right into it! Key Takeaways Types of Commercial Real Estate Continue Reading about How To Calculate Office Space Rent
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What Is The Most Common Lease Term For Space In An Office Building
The most common lease term for space in an office building is typically 3 to 5 years. This duration provides stability for both tenants and landlords, allowing businesses to establish themselves while providing property owners with predictable rental income. This comprehensive guide will demystify different types of leases and key terms that every tenant should know when renting Continue Reading about What Is The Most Common Lease Term For Space In An Office Building
The Ultimate Commercial Lease Guide: Everything You Need To Know
Are you feeling overwhelmed by the complexities of commercial leases? With so many terms, stipulations, and potential pitfalls, it's no surprise that this process can be daunting. Our ultimate guide is designed to demystify commercial leasing, providing clear explanations and actionable advice for every step of the journey. Stick around - your lease literacy is about to level Continue Reading about The Ultimate Commercial Lease Guide: Everything You Need To Know
What Is A Triple Net Lease?
A Triple Net Lease (NNN) is a leasing agreement where the lessee (the person renting) agrees to pay all real estate taxes, building insurance, and maintenance on the property in addition to any normal fees, including rent and utilities. A Triple Net Lease is also known as a net-net-net lease. Rent charges tend to be lower in Triple Net Leases compared to standard lease agreements because of Continue Reading about What Is A Triple Net Lease?
How to Calculate Commercial Rent Per Square Foot
Do you need help figuring out how to calculate commercial rent per square foot? Our guide will simplify this process by explaining key terminology and walking you through each step in calculating your own commercial rent per square foot. Ready to demystify those baffling numbers? Let’s dive right in! Key Takeaways Understanding the Concept of Commercial Rent Commercial rent is money Continue Reading about How to Calculate Commercial Rent Per Square Foot
Lakeside Town Center: Urban Revitalization in Sterling Heights
The Lakeside Town Center is set to be the largest single investment in Sterling Heights' history. This ambitious project, led by Miami-based real estate development and capital investment firm Lionheart Capital, aims to transform the 110-acre site of the Lakeside Mall into a vibrant, mixed-use city center. The redevelopment is projected to positively impact the region by $1 billion over Continue Reading about Lakeside Town Center: Urban Revitalization in Sterling Heights
The Golden Corridor: Macomb County’s Economic Powerhouse
The Golden Corridor, a multi-mile stretch of roadway between M-53 and I-94 in Sterling Heights, Michigan, is a significant economic hub in Macomb County and Metro Detroit. It's a bustling area with world-class shopping, dining, retail, colleges, hospitals, a minor league baseball park, and a major performing arts center. The Golden Corridor is a testament to the region's economic vitality, Continue Reading about The Golden Corridor: Macomb County’s Economic Powerhouse
The Advantages of Leasing Office Space in Sterling Heights
Nestled in the heart of the Sterling Heights Golden Corridor, we have office space for lease that provides quick access to Schoenherr Rd, Hayes Rd, and the M-59/Hall Rd. The prime location ensures easy access to dozens of retail stores and restaurants (many withing within walking distance), adding to the convenience of your daily work life. Key Takeaways Office Space For Lease in Continue Reading about The Advantages of Leasing Office Space in Sterling Heights