Employment Growth to Drive Multifamily Completions in 2014

Robust job growth in some areas of the country has fueled multifamily completions in the past and  are expected to continue to do so into 2014.  Relatively high correlation between job growth and multifamily completions indicate a strong relationship that feeds the growing demand for housing in these areas.  These urban areas are largely developed and there is limited room for single family development.  As more people funnel into these regions of high growth, absorbed is increased, vacancies dive while rent rates rise, creating attractive opportunities for multifamily developers. In…

The Art of Lease Negotiation

With the exception of human resources, the single largest  operating expense for most businesses is the cost of their real estate.  For those businesses that do not own the space they occupy, the cost to occupy that space is driven by the terms of a lease agreement. These  business owners are usually best served by making one critical path decision regarding lease negotiations – engage non legal real estate expertise when negotiating the terms of a lease. Negotiating a landlord-tenant lease, which may be a  complicated binding contract, is a…