Why use Tenant Representation Services

Throughout my career, I have enjoyed providing tenant representation services to many businesses assisting them with their real estate decisions. Ownership brings many benefits, and additional duties. Leasing permits you to focus solely on your business; making the day to day decisions of building operations and maintenance “someone else’s problem”. Neither choice is inherently right […]

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Vacany Rate Drops to 8.1% for Pittsburgh Office Space

The Pittsburgh Office market continues to see increased occupancy with a positive net absorption of 221,444 SF* across all classes of office space in the region.  Vacancy rates for all classes of office space have decreased to 8.1% and rental rates increased 1.1% between the second and third quarter of 2013.  The rental rate for […]

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Historic Preservation Tax Credits

Creative thinking in the current lending environment is critical when it comes to securing financing needed to purchase or rehabilitate commercial real estate.  With underwriting standards still extremely tight, banks remain less likely to lend, and when they do, loan-to-value ratios are low and collateral requirements are high.  However Pittsburgh and many of its surrounding […]

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Tenant Improvement Allowances: The Art of the deal

A key component of any lease negotiation is the tenant improvement allowance provided by the landlord to build-out or retrofit an office space for the tenant’s specific use. The amount of the tenant improvement allowance, as well as the length of the lease term have a significant impact on the negotiated rental rate. In addition […]

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