Returning to office this fall — at least part of the time — for many employees will also mean a return to commuting. Productivity has been a central topic in the ongoing remote work versus in-office debate. Proponents of a remote-first workplace say not having to drive or take a train for 30 minutes, …
How Return-to-Commuting Could Affect Return-to-Office — and Larger Office Market Read More »
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
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