Loss Factor in New York City – What is it? Is it Legal? Can you negotiate it?

September 14, 2017

Lance Leighton

Founder – TechOfficeSpaces.com

Senior Managing Director, Savills Studley

New York State Licensed Real Estate Salesperson

Call 212-326-8668

The idea of paying for space you do not occupy boggles the minds of many, including real estate industry professionals.

One of the most complicated concepts for tenants to understand in office leasing transactions in Manhattan is loss factor.  A dear friend of our team, colleague, and former Chairman of REBNY (the Real Estate Board of New York), Bill Montana, does an excellent job explaining it in the following video clip.

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