Commercial Real Estate
Are Nonprofits Exempt From NYC Commercial Rent Tax?
Yes, many nonprofit tenants qualify for exemption from New York City Commercial Rent Tax, or CRT. However, “nonprofit” does not create one identical rule for every organization. City law directly….
How NYC 420-a Works for Nonprofit Office Tenants and Leasehold Condominiums
A nonprofit leasing Manhattan office space usually cannot claim a 420-a property tax exemption through an ordinary office lease. The ownership requirement creates the problem. A qualifying leasehold condominium can….
Nonprofit Office Space in Manhattan: Lease, Sublease, Rent or Buy
Finding nonprofit office space in Manhattan starts with a deceptively simple question. What kind of real estate arrangement does your organization actually need? “Renting an office” can describe several very….
NYC Office Lease Incentives, Free Rent and Tenant Improvements
The asking rent on an NYC office proposal tells only part of the economic story. Free rent, tenant improvements, workletters, and other concessions can materially change your actual occupancy cost…..
NYC Office Lease Renewal vs Relocation
An expiring New York City office lease creates more than a choice between staying and moving. It creates a chance to reset occupancy costs, space needs, flexibility, location, and workplace….
NYC Office Lease Proposal and Term Sheet Checklist
An NYC office lease proposal should explain much more than rent and lease length. It should define the economics, delivery, construction, operations, security, flexibility, and timing of the deal. A….
NYC Furnished and Turnkey Office Space Guide
Need an NYC office you can use quickly, without starting a construction project? New York businesses use “furnished,” “turnkey,” and “plug-and-play” to describe several very different office arrangements. Those terms….
NYC Office Space per Employee and Headcount Planner
How much office space does your company actually need in New York City? A simple square-feet-per-employee number can give you a starting point. However, it cannot give you a reliable….
NYC Office Leasing Timeline and Move-In Plan
A New York City office lease can take six to nine months from early planning through occupancy. Custom construction, larger requirements, or complex approvals can extend the process beyond 12….
NYC Office Direct Lease vs Sublease
Your Broker’s role is to compare direct leases and subleases against your timing, budget, operations, and risk tolerance. That tenant-first approach helps you judge the entire occupancy cost before you….