Perhaps the most overlooked facet of leasing new corporate office space is the complicated world of work letters, which are attachments or exhibits to a lease identifying the landlord’s responsibilities to fund all or a portion of the improvements to the tenant’s premises.
In today’s world, corporate real estate means different things to different companies, but one thing that is consistent for all firms is strategic alignment: the viewpoint of a company’s Corporate Real Estate Executives (“CREs”) should reflect the strategic goals of the company.
The cost of leasing corporate office space is normally the second highest expense for most companies and involves many complex financial considerations. Therefore, tenants must take a methodical approach to lease negotiations and diligently scrutinize all details of a proposed lease.
When I was originally put to task to find Gigya’s satellite office in Phoenix, Arizona, I had things to consider that went beyond brick and mortar. I needed to incorporate the fabric of our business and our culture into a living space.
Believe it or not, corporate tenants often spend more time and money matching up purchase orders and paying for bottled water than they spend making sure that their rent expense (most likely the second highest company expense after personnel) is correct.
Our recent international conference in London brought together top corporate professionals with global operations and economic development executives from government agencies throughout the Americas.
I am in the happy position to have had only one job interview in my 15-year career but to have worked for two radically different law firms. Let me explain. In 1997, I turned up as a green trainee lawyer at the City of London corporate firm, Nicholson Graham & Jones (NGJ).
ITRA Global organized two outstanding panel discussions for “Doing Business in the Americas,” a premier all-day Symposium held recently at the Park Plaza Victoria London in England.
Our work with Mozilla, the Mountain View, California-based technology organization best known for its Firefox web browser used by 450 million people worldwide, began in early 2011 with a highly unusual but pleasurable phone call from Mozilla CFO James Cook.
Toronto, like many large international cities, offers a distinctive business climate that reflects local regulations and national traditions, but the city also holds another important distinction: it has endured the volatility of the global corporate real estate market during the last four years remarkably well.