It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM.
CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property.
The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.
Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
Good morning! It’s Word of the Week Wednesday. Lets take a look at Cold Shell. A cold shell refers to Any building that has no interior finishes, plumbing, lighting etc. The property is essentially bare, which provides greater opportunities for improvements and customization.
The Tampa Bay Office Market is currently in a transition period right now. With many employees working from home or in a mixed office/home scenario employers are working to right-size their work space. While some companies are looking to downsize, others are looking to expand, creating a safer environment for their employees. This has led…
Commercial Partners Realty is pleased to announce that Kevin Yeager has been with our team for a whole year! Happy 1 year anniversary! Thank you for all the contributions you have made in making our company successful.
The QA Team of Dan Quarles, Austin Karrick and Erica Lovingood continue to have a strong year in 2019. The following are the most recent transactions from Commercial Partners Realty’s Pinellas County Office/Industrial team. Represented the landlord, Mainstream America, Inc., in the lease of 15,000 SF of flex space in the Petersburg Commerce Center, located…
Good morning, its Word of the Week Wednesday again! Let’s look at modified gross lease. Modified gross lease is a lease agreement where the tenant of a property is responsible for the base rent and splits other expenses with the landlord. The landlord may cover property taxes, insurance, and property maintenance while the tenant may…
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