Important information should always be verified, even if from reliable sources. Companies must prioritize the information they verify in industrial real estate projects.
One of the main areas I recommend industrial occupiers pay close attention to in lease negotiations are the responsibilities of who maintains, repairs, and replaces building systems and components under a lease. Leases follow the 80/20 rule. 80% of lease content most likely won’t impact operations or P&L. 20% of lease content will. Maintenance, repair,Continue reading “Maintenance Responsibilities for Industrial Occupiers”
Key Concepts Industrial properties with 30% or less improvement square feet compared to land square feet (“low coverage”) are increasingly scarce in metropolitan areas of the United States Land-intensive industrial uses, which typically use low coverage industrial properties, can be challenging to entitle and therefore understanding zoning is critical to a project’s success Successful siteContinue reading “Site Selection for Land-Intensive Occupiers in Infill Areas”
The selection, construction, and use of transaction documents is an important part of negotiating any commercial real estate transaction. Transaction documents define the parties to the transaction, the business terms to be agreed upon, and the time frame in which the parties can agree. They create the playing field for the negotiation to take place. AContinue reading “Strategic Use of Transaction Documents in Commercial Real Estate (Part 1)”