Daniel Shapiro Tenant Broker

As the office market rebounds from the pandemic, we are seeing in the D.C., Maryland, and Northern Virginia, some similar trends with small office tenants. This article by Erika Morphy for GlobeSt.com showcases how some small businesses are now leveraging their negotiating power with their tenants. Some highlights: - It’s easier to get reductions in maintenance costs and utilities versus focusing on base rent. - Smaller tenants are in a position to negotiate better lease rates at shorter terms. - A good office broker will help you negotiate for things like tenant improvement allowance, free rent, and much more. - Sometimes, a landlord needs more than a nudge to realize a tenant is serious about renegotiating space. At Cresa, we are experts in lease negotiation, and we know the D. C. area office market. We can help you negotiate with your landlord and we will get you the results you are looking for. We also offer lease auditing services that can i...

It was inevitable that office space thinking has changed from a year ago. As many corporations moved to a remote office environment, office space requirements needed to be looked at closely. As we emerge from the pandemic, many corporations are realizing that a shift to a more agile office environment is needed. We feature this article from Les Shaver from GlobeSt.com as he analyzes a recent survey of 339 people from over a dozen countries. Some highlights: · Workers need choices. · Millennials are the driving force for remote work. · Almost half of C-Suite responders are considering changes to their remote work policies. · 81% of respondents say that the office still plays an important role for culture. · The theme of flexibility/agility is resonating in the business world. Cresa can help you craft the appropriate office for whatever your office space situation is. Our team will assist you in analyzing your business objectives, business str...

Everyone is talking about it. The impacts of COVID-19 on our economy have been far reaching with no industry left out, though some are bouncing back quickly. Residential real estate, for example, has seen a boom with interest rates at all-time lows and people looking to be more comfortable while stuck at home. The office market has, understandably, gone the other way, as companies reconsider the size of their office footprint due to the surge in operating a remote workforce. They realize this might be a sustainable future, so why pay for excess real estate? What is Cresa seeing? • Expanded concession packages are an early sign that landlords are open to stretching. • Vacancies have increased and will continue to increase as sublease spaces turn direct in the next 24 months, with 2.1M     SF of sublease space set to expire by the end of 2022. • Even the most optimistic absorption scenarios will not backfill Covid vacancies to justify 2019 rents any time soon. • Companies d...

The past 12 months have had an extreme effect on the D.C. office market, with some stark changes in demand and rising vacancy. We at Cresa are continually examining the market to find opportunities for tenants. We are starting to see signs of recovery and there is reason to believe that the end of 2020 was the low point for office space during the pandemic. We feature an article from Jon Banister from Bisnow who is based in Washington D. C. He highlights what he sees with the record-breaking market and brings in several experts to weigh in on when they are expecting to see recovery in D.C., Maryland, and Northern Virginia. Please let me know if I can answer any questions on the office space market and if I can help your company with the many services Cresa offers. Please contact me at 301-842-6542 or visit my website . D.C. Office Market Worsened Again In Q1, But Signs Of Recovery Starting To Emerge April 1, 2021 Jon Banister, Bisnow Washington, D.C The D.C. office market continu...

At Cresa, we can save your company a great deal of money by examining your commercial lease. We offer a Lease Auditing and Forensics service that will provide a deep dive into the financials of a lease. Our team can determine the specific numbers that form the basis of our clients’ annual real estate expenses and find inconsistencies where they are being charged more than they should be. Landlords should be in the process of providing tenants their operating expense reconciliations. The Building Owners & Managers Association (BOMA) International , the most trusted source for best practices, guidance, and standards for landlords around the world, estimated that as many as 75% of escalation invoices contain errors. Lease Audit Benefits To Tenants Recover expense overcharges ranging around $1-$5+ per square foot on successful audits. Mitigate future overcharges with an ongoing reduction in charges that often reaches 10%. Contingency fees ensure that the lease audit pays for itself...