Development Magazine Summer 2014

Marketing - Leasing

exterior building sign

Attracting Office Tenants with Building Signage 

For that tough-to-close tenant, offering space on a building sign may be just the thing to seal the deal. Perceptive property owners will make this part of their negotiation process with both new tenants and lease renewals. Tenants, however, must understand that exterior signage is rarely a “given,” and that it typically must be negotiated upfront.

fiberoptics

Install Fiber Optic Cable to Stay Ahead of Tenant Demand 

Developers who are still installing Internet connections to their buildings through copper wire may lose tenants at the next lease renewal and risk early obsolescence if a recent report on Internet and data growth from Cisco Systems is to be believed.

lease agreement

Landlord Rights and Tenant Bankruptcy 

For a commercial property lessor, the bankruptcy of a tenant presents unique challenges, especially in the case of a Chapter 11 “reorganization.” Bankruptcy means more than just the inability of the bankrupt tenant to pay any arrearage that may have accrued before the bankruptcy. Bankruptcy law gives the debtor the power to unilaterally “reject” the lease, while drastically limiting the landlord’s right to recover damages.

exterior view of Terry Tower office building

Seattle Office Building Engages Tenants to Reduce Energy Use 

The Terry Thomas, a LEED Gold certified office building located in South Lake Union, Seattle, is celebrating its sixth birthday this year by engaging the building’s tenants in an attempt to decrease its energy use 17 percent by 2015. Since its completion in April 2008, the four-story, 40,000-square-foot building has used about 50 percent less energy than a comparable Class A office building.

From the Archives: Marketing / Leasing Articles from the Previous Issue

assortment of maps

2014 Guide to Economic Development Authorities 

The economic development authorities listed in this annual guide can help you attract businesses to your area and to your developments.