Exclusive Use Rights for Office Real Estate?

Example of office, retail and residential mixed-use project.
Example of office, retail and residential mixed-use project.

By Blake Crowe, CCIM

For those in commercial real estate, specifically retail real estate, you’re familiar with Exclusive Use Rights – a tenant can (and generally should) require a landlord to prohibit leasing space to another tenant selling the same product, or allow any other specified activities that could interfere with the success of their business. Typically this Exclusive Use component of the lease is based on the property itself.

While this is nothing new to the retail segment, oddly enough, this idea of Exclusive Use is now also spreading into office real estate.

Why? Because the popularity of creative office spaces and mixed-use properties continues to increase.

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Office Site Selection: The most critical question to ask

Downtown Birmingham, AlabamaBy Southpace Broker Blake Crowe, CCIM

I recently read an article in the Birmingham Business Journal that discussed ten things a tenant should ask before choosing office space. While all ten were fair questions that would prove informative and beneficial for the tenant, I believe the most critical question to ask is, “Why don’t we hire a competent tenant representation broker?”

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You’ve got questions, we’ve got answers

Have you ever wondered if it were better for you to lease or purchase your office space? Or maybe you’re interested in purchasing a shopping center as an investment, but you want to know more about how retail investments work. Or maybe you just want to know what to expect out of a typical commercial lease on your warehouse space.

The world of commercial real estate is tricky to navigate, but the good news is Southpace is here to help. Whatever commercial real estate question you may have, we want to help you answer it.  Continue reading “You’ve got questions, we’ve got answers”