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Office leasing is a type of commercial real estate leasing in which a tenant rents office space from a landlord. The tenant typically pays a fixed amount of rent for the duration of the lease, and is responsible for any maintenance and repairs. Office leases are typically long-term agreements, ranging from three to ten years.
The office leasing market is highly competitive, with landlords and tenants negotiating terms such as rent, length of lease, and tenant improvements. Landlords may also offer incentives such as free rent or tenant improvement allowances to attract tenants.
The office leasing market is an important part of the commercial real estate industry, providing businesses with the space they need to operate. It is also an important source of revenue for landlords, who can generate income from leasing their office space.
Some companies in the office leasing market include CBRE, JLL, Colliers International, Cushman & Wakefield, and Avison Young. Show Less Read more