Landlords make their biggest profits on the renewal of existing tenant leases. Ironically, most Commercial Tenants believe that during their preceding lease terms, they’ve built a ‘best buddies’ relationship with  their Landlords and assume incorrectly…

Technology is taking over the world of commercial real estate by storm. New tools, online platforms, and decision-making algorithms are popping up constantly. Some real estate professionals even declare that nowadays, technology is the master of…

As you might imagine, over the 24 years I’ve owned and operated my Indianapolis based tenant representation firm, CARMEN Commercial Real Estate Services, I’ve had the opportunity to see firsthand the many missteps tenants take…

When counseling business owners and managers on leasing office space and industrial property in Indianapolis over the past 25 years, since founding CARMEN Commercial Real Estate, one of the most common questions I’ve been asked…

There is a fairly simple way to break down where most of the dollars go for your cost per square foot. It divides into base rent, operating expenses and real estate taxes. What you may not…

The following is excerpted from Entrepreneur’s Ask the Money Guy, Joe Worth.  When a concerned reader asked, “Any advice on how to lease my new location without getting ripped off?”, Entrepreneur’s Joe Worth had some answers. He shared…

You are driving around or browsing online and you see it:  The office building that looks perfect for your company.  But you don’t know anything about it.  Is it an available office space? What is the…

Let’s face it: we now live in a millennial-driven workforce. The demand for modern, creative, and appealing office space creates a massive opportunity for sharp business owners who are clever enough to retain and attract…

As you might imagine, over the 24 years I’ve owned and operated my Indianapolis-based tenant representation firm, CARMEN Commercial Real Estate Services, I’ve had the opportunity to see firsthand the many missteps tenants take with…

If you’re looking for new office space in Indianapolis, you probably have a checklist list in your head (or maybe even on paper) to make sure the lease gets done right. You want to pay…

Most tenants are unfamiliar with negotiating an office lease renewal. Some may not even realize they have the opportunity to do so! Typically their broker advised them of their current lease, so they are not…

When a business owner or manager considers relocating the business, it’s not uncommon for them to consider a number of locations to find the best fit for their business. Although each business has its own unique…

Since starting my career leasing office and industrial space over 30 years ago, real estate abatement has consistently been a tool that landlords use to procure new tenants. In addition to simply being a landlord incentive for tenants…

It’s 18 months before your lease it up and if you are like most people, lease renewal and/or office relocation are the last things on your mind. Timeframes may vary based on a number of…

Whether it is the start of an office lease or a lease renewal, the lease negotiation process is a critical time for determining a successful outcome of the tenant’s lease utilization. The negotiation process offers the opportunity…

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