This month’s article is about picking the right term for a lease. There are advantages to both short-term and long-term leases. I discuss choosing the best alternatives based upon your individual circumstances, and why you should always take the best option to renew that you can get, no matter how unreasonable it seems at the time.  

        by David G. Hunt

Q: What do you recommend as the right lease term for an office lease?

A: This is highly dependent on your objectives and the nature of your company. So, let's start with some of the advantages and disadvantages of short and long terms for a lease.

One of the major advantages of leasing office space, as opposed to purchasing a building, is an easy exit strategy. When the lease is over, you move out without ...  

What's New at HUNT 

Property Highlight 

7 Industrial Boulevard, Medford, NY

Framarica has leased at 19 Nicholas Drive, Yaphank.

Island Harvest has purchased 126 Spagnoli Road, Melville.

Hartz Mountain Industries has purchased 235 Pinelawn Road, Melville.

ABH Realty Group has purchased 159 West Main Street, Patchogue.

Global Logistics has leased at 1 Arnold Court, Huntington.

LPS Office Interiors has purchased 75 Broadhollow Road, Farmingdale.

Cabot Industrial Value Fund has purchased 555 Prime Place, Hauppauge.

G. Fuel has leased at 45 Edison Ave, West Babylon.

Steel Mill has purchased 70 Mill Street, Amityville.

Accord Bus has purchased 24 Railroad Ave, East Northport.

Aegis Capital Corp has leased space at 1305 Walt Whitman Road, Melville.

BlackRock Real Assets has purchased 100 Precision Drive, Shirley.