Commercial lease agreements lay the foundation of a successful tenant-landlord relationship. It is essential to ensure you scan the agreement carefully and read all the clauses. Here are five points to remember before signing on the dotted line:
The first point to carefully examine is how much rent you will pay and the increment clause. It’s advisable to also ask for the security deposit and how much of this amount will be refunded when you vacate the property. Make sure the rent agreement also lists a termination clause specifying the tenure of stay and notice period. Also check if there is a lock-in period clause and the duration is agreed as per the commercial discussions. Continue reading “5 Checkpoints Before You Sign a Commercial Rent Agreement”
Read the whole blog: 5 ways facilities managers can reduce energy consumption
Optimum energy consumption and reduction of power wastage hold the key to the efficient functioning of any commercial building and office space. According to a study by Environmental Protection Agency, up to 30 percent of energy consumed in a commercial building is lost. In view of this, it’s imperative for facilities managers to use advanced power monitoring to increase equipment uptime and reduce energy consumption.
The vagaries and unpredictability of the commercial real estate market are known to all. There may be times when commercial property rates skyrocket and at others, the value of the same properties come down to affordable levels. Buyers have an edge in a slow market as there is a surplus property for sale. However, the decision to buy a commercial property in a slow market should be taken smartly and the following factors must be considered carefully:
Bengaluru has emerged as a prime global office destination with Grade A office spaces at affordable prices and access to a large talent pool and cosmopolitan culture. The city’s commercial space market continues to grow from strength to strength, with the current absorption pegged at 3.25 million sq. ft. for the first half of 2017. The city’s commercial real estate market remained positive despite last year’s demonetization drive and this is reflected by the steady growth in demand for office space.
Continue reading “Top 4 Reasons for CRE growth in Bengaluru”