Millennials and Gen-Z: Office Design that can Meet them in the Middle

Millennials and Gen-Z: Office Design that can Meet them in the Middle

The Multigenerational Workplace Challenge Millennials and Gen-X run most of today’s businesses. Now, these generational powerhouses are joined by Gen-Z, the youngest members of the workforce. Millennials and Gen-Z have some similar ideals and visions for the future. However, they have very different expectations when it comes to their workplace design. As technology advances at…

Questions to Ask When Rightsizing Your Office Space
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Questions to Ask When Rightsizing Your Office Space

Is it time for rightsizing? I’ve been thinking a lot about rightsizing lately. In just a few months, I will be turning (dare I say it out loud?) 57 years old. My children are grown and on their own. My husband and I both work full-time outside the home. In addition, my husband travels extensively…

Do options in a lease benefit the landlord or tenant?

Do options in a lease benefit the landlord or tenant?

Lease Options Options in a lease are beneficial to either the Landlord or the Tenant. Landlords want to provide the Tenant with as few options as possible to securitize the lease as strongly as possible. Many Landlords use their rent roll to securitize a refinance or sale. For instance, if a tenant has an option…

CRE Building Classification System

CRE Building Classification System

Building Classifications Part II: Explained BOMA’s CRE Building Classification System BOMA‘s metropolitan base lists three Commercial Real Estate Building Classifications in their classification system. In order to compare properties across international markets, landlords and property investors typically use a separate international base. However, the metropolitan base is used within a single office market. It is…

Commercial Real Estate Building Classification Part I

Commercial Real Estate Building Classification Part I

CRE Building Classification Standards When looking for new locations, tenants may come across buildings touted as “Class A”. Landlords also advertise properties as having “Class A finishes.” To an inexperienced buyer or renter, the meaning of this class distinction is a mystery. “Class A” sounds like a good grade. It’s better than a “Class D”…

Common Area Maintenance (CAM) in all its mystery
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Common Area Maintenance (CAM) in all its mystery

Common Area Maintenance (CAM) in all its mystery. First, let’s start with trying to define the common area. What is Common Area Maintenance? Common Areas can be lobbies, hallways, elevators, bathrooms, sidewalks, parking lots, landscaping, rooftop decks, shared amenities, and so on. These areas within a building enhance the feel or usefulness of a space….