Optimizing your office lease – Now’s the time
The COVID-19 pandemic has brought about many challenges for industries everywhere. One of the biggest questions for businesses with office based workers, is how to optimize their office lease to better reflect the reduced numbers of workers visiting the office, or to make up for the period of time employees were unable to go into the office.
Now that office buildings have reopened and employees have started to return to the workplace it has brought about a unique opportunity for commercial real estate tenants. Tenant brokers like SquareFoot’s Jeff Hersh are focused on helping their clients capitalize on the existing market. Jeff’s clients, Hill, Betts & Nash LLP were in an ideal position to make the most of what is very much an advantageous office market for office space tenants.
Jeff worked with Hill, Betts & Nash, a full service law firm located in NYC, to find their office space at 14 Wall Street back in 2015. The company’s lease was due to expire in a year, and happy with their offices, negotiating a favorable lease renewal was the ideal situation.