The KNOG

308 Fifth Avenue

May 4, 2018 2:50:00 PM / by admin posted in Commercial Office Space, Manhattan Real Estate, Office Work Space, Fifth Avenue

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Leveling the Playing Field: Why a tenant should be represented when renewing a lease.

Apr 30, 2018 12:50:00 PM / by Lew Cowan posted in Commercial Office Space, Real Estate Lease, New York City, Office Space Rental, Office Work Space, New York office space

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For tenants, renewing your current space or relocating within your building is often a better solution than moving. By remaining, you don't change commuting patterns, eating haunts or local neighborhood services, etc. Unfortunately, landlords have a name for tenants who negotiate their own renewal: "captured" tenants. This implies that they are virtually guaranteed to pay more for their space than a new tenant moving in. 

Landlords know exactly what it would cost for a tenant to move and the natural resistance for tenants to make such a move. With these assumptions firmly implanted in their heads, landlords will extract the highest rent possible from you. Our job, at G.E. Grace, is to dislodge those notions.  

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Executive Spotlight: George Grace, G.E. Grace & Co.

Apr 16, 2018 11:31:35 AM / by admin posted in Commercial Office Space, New York City, New York City’s Commercial Real Estate Market, Commercial Property, Commercial Real Estate Broker, Commercial Real Estate

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Keeping an Open Mind in the Rental Market

Aug 19, 2016 12:55:14 PM / by George Grace posted in Commercial Office Space, Tenant Representative Broker, Rental Market, THE KNOG, Real Estate

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Keeping an Open Mind in the Rental Market

It’s a presidential election year, and while that often has implications for markets, it is also a useful insight into people’s thinking. Politics engenders passion, so what we often see are people entrenched in their positions—sometimes while ignoring potentially important points of view. 

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