Here are some of the most common questions that come up about Manhattan commercial real estate and office properties. As a dedicated tenant representative, Erik Nissani of Willow Stone Realty is available to answer any and all questions about the process from start to finish. If your questions are not answered below, please feel free to contact us anytime!
A landlord representative is a real estate agent, hired specifically to represent a landlord's interests in a real estate transaction.
A tenant representative is a real estate agent, hired specifically to represent a tenants interests in a real estate transaction.
Rentable square footage is the amount of square footage used in calculating a lease payment. This measurement takes into account a proportionate share of common areas shared by the tenant such as hallways, lobby, stairwells, etc. In New York commercial real estate, loss factors for a full floor may average about 25% to 30% while space on a multitenant floor may run from 30% to 35% or even slightly higher.