iOptimize Realty Represented Festo in Islandia Office Space Lease

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This article was originally published from LIBN.com.  See the post here. Festo USA, a robotics and pneumatics maker that recently moved its manufacturing operations to Ohio, leased 52,742 square feet of office space in Islandia. The U.S. division of Germany-based Festo, which has been on Long Island since 1972, will be bringing 125 employees to […]

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Why Suburban Office Space Isn’t Dead Yet

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As I’m writing this blog post in September of 2016, construction crews are tearing down Oprah’s Harpo Studios in Chicago’s urban West Loop neighborhood to make room for McDonald’s new world headquarters. While this is a victory for the gentrified West Loop, it is also a loss for suburban Oak Brook. This trend is ongoing across […]

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Tips for Strategic Site Selection

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Site selection is much more complicated that just looking for the most attractive space at the lowest possible rent and CAM. More than those straightforward issues, the key to finding a great location is to find one that is affordable to operate and that fits well into your existing corporate real estate portfolio and into […]

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The Top 5 Critical Steps to Commercial Lease Renewal

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  When the time comes for a commercial lease renewal, it might seem like a simple process. The decision to stay simplifies the process since you won’t need to tour sites, and, especially if you have a renewal option, negotiating the price and terms is usually easier, as well. However, if you look at staying […]

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The Top 5 Apps for CRE Professionals Today

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  As the role of mobile devices in the commercial real estate workplace matures, many real estate professionals like you are finding that they are useful business tools almost more than they are useful real estate tools. While applications like CoStar Go, PowerOne Finance Pro Calculator and LoopNet are useful, the real power frequently comes […]

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6 Office Floor Plan Design Tips for CRE

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Designing an office floor plan is not like it used to be. Once, you set up a reception area with a conference room off of it, put the most senior employees in the corners with big offices, the middle people on the glass line with smaller offices, and everyone else in the middle in a […]

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Understanding Office Space Area and Commercial Lease Terms

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  Some of the most confusing commercial lease terms come in how an office space’s area is determined area. Gross, rentable and usable square feet are all different, and impact your occupancy costs.   Space Basics   Most office spaces are leased out on the basis of their size. All things being equal, a bigger […]

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Surviving Office Relocation

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  One of the upshots of optimizing your company’s corporate real estate portfolio is that you will probably end up moving around a bit. Whether you are looking to consolidate multiple spaces into one, downsize a too-big space or simply move for a better deal, office relocation is usually in the cards for any company […]

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3 Tips to Help Cut Your Rent Now

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With the end of the calendar year looming, many companies have cost cutting on their mind either to maximize profits for 2014 or to get 2015 off to a good start. While rent might seem like a relatively inflexible cost due to the long term nature of many leases, you have more control over your […]

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5 Must Knows Before Starting Out in Commercial Real Estate

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  If you’ve ever wondered what it’s like to switch sides and become a commercial real estate broker instead of a client, read on. This is a great industry — and an exciting one — but it isn’t an easy one. Here are five tips that you need to know to make it in our […]

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