Landlords and Tenants have opposing goals which can make signing a lease stressful. The key to understanding these negotiations is assessing how risk is shared. At G.E. Grace & Company, we leverage our knowledge and expertise to create flexibility and competitive terms for our clients.
It takes time to move space and as a tenant, time can be your biggest asset or your biggest liability... so make sure you have enough of it!
We are pleased to present the first installment of G.E. Grace's commercial real estate video series!
Are you looking to work in the 'Heart of New York City'?
Last year I had the pleasure of representing a foreign client who wanted to find a retail space. One of the storefronts we were considering was adjacent to a large corner unit that was leased to an accessory unit of a world famous brand. Recently, I found out that the tenant, who had only been in the space for less than a year, decided to close the store and sublet the unit for the remainder of the lease—even though the tenant had invested millions of dollars into the construction and design of the space.