NY Real Estate Brokers NYC Office Space Locating
Real Estate in New York
Commercial & Industrial
Leases, Renewals, Subleases
Manhattan property analysis
NYC facility consultants
Lease negotiation services
Office, Retail, Lofts
Medical Office Space
HOME  |  SERVICES  |  PROPERTIES  |  NEW YORK LINKS  |  BROCHURE  |  PRESS  |  ABOUT US  |  CAREERS  |  CONTACT  |  NY TOURS
 

Costs related to a New York Commercial Real Estate construction projects for newyorkcommercialrealestate  are
typically divided into hard and soft costs. In general, hard costs relate to actual improvements to the real property and include construction costs such as walls, heating, ventilation and air conditioning systems. Soft costs for Office Space for New York Commercial Real Estate construction relate to professional fees, furniture and other items that are either intangible, short-lived or movable. Although the allocation between the costs may not be as critical to NY Real Estate small projects, it is of critical importance on large interiors projects and of course in new building construction.  The Brokers at Hart of New York Real Estate are here to serve you with your office space search in New York.

A partial list of newyorkcommercialrealestate construction soft costs include:
Architects fees, engineers fees, project manager fees, lighting consultant fees, consultant fees, and moving costs, furniture, signage, financing costs, artwork, building permit and filing fees.  Our Brokers at Hart of New York Real
Estate are here to help you. It should be noted that prices vary in real estate new york.

A partial list of hard construction costs for New York Commercial Real Estate construction would include:
Concrete costs, electrical infrastructure, telecommunications infrastructure, heating, ventilation, air conditioning
systems, dry wall partitions, ceilings, marble and stone, metal and glass partitions, stairwells, elevators and escalators, light fixtures, architecture metal and glass, architectural woodwork, flooring, sprinkler systems, plumbing systems and infrastructure, wood and metal doors, other hardware.  Hart of New York Real Estate will assist you in your
Office Space requirements.

Why is this important to an office space tenant?
Soft versus hard costs for newyorkcommercialrealestate construction can be particularly important in the allocation
of a landlord cash allowance. In offering cash allowances for work, landlords will want to ensure that the bulk of the
 funds is going to "hard" improvements to their Office Space premises. At the end of the term, the improvements of
New York Commercial Real Estate construction (with some exceptions including personal property and pre-agreed upon items) will revert to the landlord. Although the improvements may not have much value at the end of a longer term lease, landlords are interested in the value added to the premises today. In real estate new york, you may find a discrepancy in quotes. Therefore, landlords will often negotiate in the lease to limit so-called newyorkcommercialrealestate construction soft costs for office space. Limitations of 15% to 20% for soft costs are common. You should carefully plan your budget (if a significant one, preferably with a project manager) to ensure that you get the most value out of your cash allowance.  At Hart of New York Real Estate our Brokers assistants will provide information to you.

In a recent real estate new york transaction, a 15,000 square foot user leased a Office Space with the idea of making only moderate renovations to the office space. Therefore, much of the budget was hiring consultants to advise on maximizing the existing build-out of New York Commercial Real Estate construction without spending a large sum. The user received approximately $14 per square foot from the landlord. Due to the relatively minimal "hard" costs in the overall budget
for the Office Space, it was necessary to negotiate a higher "soft" cost percentage to cover the relatively greater consultant fees Our New York Brokers at  Hart of New York Real Estate Company will work with you to find contractors but we are not liable for any of their commitments.

The allocation between soft and hard costs for real estate new york building prices will be less of an issue in building out office space because the landlord's cash allowance will most likely not cover the entire cost of the build-out. Accordingly, you will likely easily meet a soft cost limitation on the landlord's dollars because you can apply the cash that your company is putting in to make the improvements towards the New York Commercial Real Estate construction soft costs. However, it could become a timing issue with the landlord's reimbursement of costs. The landlord will typically reimburse no more frequently than bi-monthly  if not monthly. You should plan your cash flow with your vendors to ensure that you have adequate funds to front both the hard and soft costs, if need be. The Brokers information department at Hart of New York Real Estate is not responsible for contractors prices. Hart of New York Real Estate Brokers information department is here to help you with your New York Commercial Real Estate requirements for Office Space.

 
HOME  |  SERVICES  |  PROPERTIES  |  NEW YORK LINKS  |  BROCHURE  |  PRESS  |  ABOUT US  |  CAREERS  |  CONTACT  |  NY TOURS
 
Hart of New York Real Estate Company, hartofny.com, Hart of New York, Heart of NY Inc. , make every effort to deliver accurate and reliable technical information to NYC Office Space tenants concerning Real Estate New York as provided on this site. We do not endorse, approve, or certify this information or guarantee the accuracy, completeness or timeliness of this information for Manhattan office space tenants. Reference to any specific product, officespaceny, service, trademark, manufacturer, or otherwise does not constitute or imply endorsement or recommendation by us or our employees, Brokers, Realtors or agents, and we assume no responsibility for consequences resulting from the use of the information contained on this site or from the use of information obtained at other linked internet addresses. Some commercialrealestatenewyork external linked addresses contain information published, maintained, or otherwise posted by organizations independent of hartofny.com, Hart of New York Real Estate and hartofny. We do not control these internet addresses or companies, and do not endorse, approve or otherwise certify the information contained at those sites to be accurate. hartofny recommends that you verify and check credentials on all companies linked to this site.