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Join the Philadelphia Department of Commerce's Coffee and Commerce series for a panel discussion on navigating commercial leasing in Philadelphia. Whether securing your first commercial space or optimizing your lease, gain key insights on evaluating terms, negotiating deals, and aligning your commercial space with business goals while remaining cost-effective.
OEO's Business Development Workshops are designed to foster economic inclusion by equipping businesses with the tools they need to expand, secure contracts, and contribute to Philadelphia's vibrant economy.
The Legal Structures and Compliance Business Development Workshop helps business owners understand the importance of choosing the right legal structure and adhering to compliance requirements to ensure long-term success. This workshop provides practical tools and expert guidance to help business owners establish a solid legal foundation, reduce risks, and maintain compliance in a competitive business environment.
A lease can open the door to exciting new business opportunities, or it can lead to getting blindsided by unexpected expenses or liability, or to losing your business altogether.
Avoid leasing landmines on the road to business success. Consider these five key issues before signing a lease: Lease Term; Commencement; Condition of the Premises; Rent, Increases and Additional Costs; Right to Sublet or Assign.
Leases on more than 265 million square feet of commercial space are set to expire in 2025 (Source: Trepp Report). This includes 100 million square feet of industrial space, 85.5 million square feet of office space, and 58.5 million square feet of retail space. For landlords, lenders, and investors, these lease expirations will likely impact cash flows and valuations differently depending on property type.
Vague terms in a commercial real estate contract can lead to a variety of legal issues. For example, if a lease agreement states that the tenant is responsible for "reasonable maintenance" of the property, this could lead to disagreements about what constitutes "reasonable" maintenance.