TI ALLOWANCE: For a lease with an initial term of 5 years, an allowance 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 estimated for 2024 at $17.79/sq. ft. (subject to adjustments based on actual costs) which includes: property, business and school taxes, elevators, cleaning of the leased premises, garbage removal, electricity-heating-air conditioning consumption in the premises, building security and alarm, building maintenance/repairs, exterior window cleaning and others (see 2024 summary).