TI ALLOWANCE: For a lease with an initial term of 5 years, an allocation of 25$ per square foot is included, granted by the landlord for the Tenant's Improvements (TI) in the rented space (some conditions apply). N.B.: The base rent is subject to an annual increase (to be determined).
The Additional rent: in 2023, it was 16.61$/sq.ft. (adjusted to the real costs) for municipal/business tax, school tax, electricity, garbage removal, floor cleaning, janitorial services, building security and alarm, repairs, elevators, window cleaning, etc. For 2024, the additional rent is estimated at 17.71$/sqft.