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Entering into a commercial lease agreement is a significant step for any business. Whether you are a startup looking for your first office space or an established company expanding to a new location, understanding how to navigate lease negotiations can save you money and prevent future headaches. This lease negotiation guide will walk you through the essential aspects of commercial lease agreements, providing practical tips and strategies to help you secure the best possible

At Webster Realty Advisors, we represent tenants only, never landlords. That distinction might sound simple, but in an industry dominated by dual-agency brokerage firms, it’s one of the most important differentiators a tenant can have.

Finding the perfect commercial space can be a complex and time-consuming process. Whether you are a startup looking for your first office or an established business seeking to expand, navigating lease agreements, market conditions, and negotiation tactics can be overwhelming. This is where tenant representation services come into play. These services provide expert guidance and advocacy to tenants, ensuring they secure the best possible terms and locations for their business

A Base Year Lease is a commercial lease where the landlord covers the building’s operating expenses and real estate taxes for either a portion or the entirety of the first year, depending on when the lease is signed (the “Base Year”). After that, a tenant is responsible for paying their proportionate share of any increases over the defined base year. This arrangement balances the risk between landlord and tenant by shielding the tenant at move-in, while allowing them to s

Navigating the commercial real estate market can be complex and challenging. Whether you are a small business owner or a large corporation, understanding the essentials of tenant representation is crucial to securing the right space for your needs. This guide will walk you through the tenant representation basics, helping you make informed decisions and avoid costly mistakes. Understanding Tenant Representation Basics Tenant representation is a specialized service where a rea

A Triple Net (NNN) Lease: Understanding the Implications for Tenants ===================================================================== A Triple Net (NNN) lease shifts nearly all property-related expenses to the tenant. In addition to base rent, tenants typically cover property taxes, insurance, maintenance, and direct costs like utilities, HVAC servicing, and janitorial services. This structure can significantly impact a tenant's financial obligations. The Nature of Tripl

Navigating the world of commercial leases can be complex and challenging. Whether you are a small business owner or a large corporation,...

As coworking spaces have exploded in popularity across Greater Boston and beyond, they’ve become a go-to solution for early-stage companies, freelancers, and remote teams seeking flexibility and convenience. But what starts as a practical, affordable workspace can quickly become a costly constraint as your business grows.

Part 2 tackles soft costs: the professional services and approvals that make construction possible.

When a Tenant  transforms raw or warm shell space into a fully functioning office, hard costs  typically consume the largest share of the...

At WRA, we often hear tenants breathe a sigh of relief when they see a renewal option in their commercial lease—especially one tied to...

As we move through 2025, Boston’s office market is facing a big moment. While there are a few early signs that things might be improving, challenges like high vacancy, slow leasing activity, and new deliveries to the market are still putting pressure on landlords and businesses alike. There’s hope—but the comeback won’t happen overnight.

Introduction: When a business faces an expiring lease, it presents a valuable opportunity to evaluate the advantages and disadvantages of...

A Right of First Offer (ROFO) is a contractual right granting a tenant the first opportunity to lease additional space when it becomes...

Subleasing can be a smart strategy for managing excess space or reducing costs, but it comes with its own set of challenges. If you’re...

A Right of First Refusal (ROFR) is a contractual right that grants an existing tenant the opportunity to match an offer that a landlord...

Before signing any lease agreement, ensure that your tenant representative has thoroughly researched and addressed any potential issues that

This is part two of our previous blog with the same title. 1.)    Leasing Activity: Q4 2019 With Boston's vacancy rate at nearly 7%,...

Introduction: At the close of 2019, the Greater Boston office market was thriving, with record-high demand and escalating rents,...

The Greater Boston area serves as a hub for commerce, innovation, and culture. However, businesses looking to establish or expand their...