How to Save Rent Dollars on Commercial Leases

Landlords lease office space 365 days a year, widening their potential for profit and negotiating to their advantage. When leasing commercial office space, there are several things to consider that tenants may not be aware of before they sign on the dotted line. How can businesses save rent dollars on their commercial office lease? Mazirow Commercial reveals what you can do to save money and the services you can utilize at no cost to secure the best deal. … [Read more...]

2018 Commercial Real Estate Trends

Commercial real estate trends have revealed a new live-work-play lifestyle that is taking precedence in the Greater Los Angeles Area and Ventura County. Amazon has also been trying to find a new location for their second headquarters, HQ2. In this month’s blog, we discuss the new live-work-play real estate shift in the industry and where Amazon’s new headquarters might be moving.   The Live-Work-Play Lifestyle   The idea behind the live-work-play lifestyle is that you can do … [Read more...]

Lease Renewals: What is Fair Market Value?

As a business owner, you are not expected to know competitive rents, concessions, or what the fine print entails in your lease – landlords take advantage of this. When renewing your lease, how are you supposed to know what is considered fair market value? Does your lease contain an “option to renew” clause at fair market value (FMV)? Mazirow Commercial, Inc. discusses what fair market value is and the variety of factors that influence it.   What you don’t know will cost … [Read more...]

How is Commercial Office Space Measured?

Do you know if you are overpaying for your lease based on the space in your commercial building? Most tenants are unaware if they are overpaying because the guidelines for measuring commercial space are developed in the landlord’s favor, not the tenant’s. How do you measure commercial office space to know if you are being fairly charged or paying for a lost use of space?   The Guidelines There are two elements in measuring commercial office space: useable space and rentable space. … [Read more...]

Reconciliation of Operating Expenses and Estimates Statements

It’s the time of the year again when Tenants receive their Reconciliation for the past year and Estimate Statements for the current year for the operational costs for their office building from their Landlords.   Office leases are generally structured as a Full-Service Gross (FSG) lease or a Modified Gross lease (MG) that allow for Landlords to “pass-through” the increase in costs of operating their office building over the first-year’s operating expenses, which is included in the … [Read more...]

Finally, a law that ensures Tenants sit at an even negotiating table with Landlords!

At Mazirow Commercial, we have always strictly represented the tenant, avoiding the inherent conflict of interest in the standard brokerage model. Generally, this is not the case with the majority of commercial real estate firms, which often favor the landlord without the tenant’s knowledge; however, there is a new Senate Bill that will be very advantageous to tenants.  On August 15, a broker agency disclosure bill (SB 1171) was signed into law by Governor Jerry Brown. Unlike in … [Read more...]

Speaking Leasenese: The Secret Language of CRE Leases

You're a business owner, or, you might be planning to open up the doors to your very own operation. This means you’ve developed specialized, expert lingo within your industry like it was your mother tongue, and have commanded  the art of having hard-ball business conversations without breaking a sweat. You may even be bi-lingual, or multi-lingual because of your business, and are extremely knowledgeable about industry terms in those many  languages . If this is the case, you might think that … [Read more...]

4 Laws For Finding a New Office

Looking for, or moving into a new office space is an exciting time. It means your business or organization is growing, expanding or heading in a fresh direction. All these changes can easily leave you scrambling to find your new office as fast as possible. But never, ever rush this process out of excitement or pressure. Often companies are quick to pull the trigger and sign a lease when the landlord has done a good job of ensuring the place is “clean”, and up to par with your new office … [Read more...]

6 Things Landlords Will Never Tell You

6 Things Landlords Will Never Tell You: 1. If your office building is facing foreclosure, your lease may be extinguished, unless you have negotiated a Subordination, Nondisturbance and Attornment (SNDA agreement). 2. You can negotiate a right to cancel your lease. For a minor cost, this flexibility can be provided. 3. You can negotiate the right to sublease a certain percentage of your space without Landlord's participation. 4. Don't pay for parking you do not need - negotiate the "Right … [Read more...]

Parking Secrets Every Commercial Tenant Needs to Know

If you live in Southern California, you know that the perfect parking space is a tiny slice prime real estate when it comes to your business. You also know that depending on your type of business, your clients and customers can always appreciate convenient, or fare free parking when visiting your office building. Most commercial leases will address parking in a specific clause within the contract. Don’t overlook the specific details within this clause. According to the square footage of your … [Read more...]