(Every quarter, Managing Broker David Liebman, SIOR, JD, co-authors an article with Real Estate Attorney Jim Hochman on topics relevant to office and industrial leasing and contracts. The topics are timely and useful. We’re pleased to offer this article from the series.)

In an industrial or office lease or purchase negotiation, we often start with the amount of space as represented by the landlord or seller. However, as your broker co-author has learned (the hard way), the square footage of space represented may not be what square footage is actually there. Accordingly, it is incumbent upon us as experts to follow these simple practices to ensure our clients are leasing or buying… CLICK TO READ FULL ARTICLE:

http://www.sior.com/education-and-insights/insights/magazine/sior-report-article/spring-2021/size-of-leased-or-purchased-space-how-much-is-there

** This article/blog post has been reprinted from SIOR Pulse Blog with permission from SIOR. (SPRING QUARTER 2021)