Leasing

What numbers do you need before you compare two commercial leases?

A checklist of rent, recoveries, free rent, TI, and term. Missing one line is how a cheaper face rent still loses.

2026-09-22 · 11 min

[ LEASING ] [ Leasing ] [ Checklist ] [ Occupancy Costs ]

How do you compare two commercial lease options on one timeline?

Put both occupancy-cost paths on the same years, discount them, and keep tenant NPV separate from a building cap rate.

2026-09-23 · 11 min

[ LEASING ] [ Leasing ] [ NPV ] [ Comparison ]

What is the difference between an expense stop and a base year for tenants?

An expense stop caps tenant recoveries at a stated level; a base year bills tenant share of operating expenses above a documented baseline year. Both change occupancy cost while face rent stays flat.

2026-10-15 · 12 min read

[ LEASING ] [ Expense Stop ] [ Base Year ] [ CAM ] [ Recoveries ] [ Leasing ]

What is the difference between a gross lease and a net lease for tenants?

Gross leases bundle operating costs into the rent quote; net leases separate base rent from CAM, tax, and insurance recoveries. Compare occupancy cost, not headline rent alone.

2026-10-15 · 14 min read

[ LEASING ] [ Gross Lease ] [ Net Lease ] [ Occupancy Costs ] [ Leasing ]

How does free rent affect occupancy cost for tenants?

Free rent abates base rent in stated months, but CAM and other recoveries often still bill. Model abatement timing, TI, and recoveries on one occupancy-cost timeline before you trust net effective rent.

2026-10-16 · 13 min read

[ LEASING ] [ Free Rent ] [ Concessions ] [ Occupancy Costs ] [ TI ] [ Leasing ]