The principal of Cambridge Real Estate Company in Massachusetts, Shannah Hall introduced the “Little Japan” concept to the Boston area by leasing space to Japanese-themed tenants at the Porter Exchange building in Cambridge’s Porter Square. Experienced in commercial property matters, Shannah Hall served as the former director of retail leasing for Hammond Real Estate.
Commercial leases are rental agreements that involve the leasing of commercial property for a specific business purpose. This property can be a warehouse, office space, or industrial site. Standard commercial leases are more flexible when it comes to the lender’s right to relocate tenants, as office and other commercial workers are seen as less affected by a change in location.
Retail leases, on the other hand, represent a specific type of commercial lease that pertains to tenants who plan on selling goods to consumers on-site. Such leases are often more restrictive on the landlord’s right to relocate tenants, as retail performance is strongly tied to location. Further, these types of leases typically incorporate more rules about the precise permitted use of the rented property and its operations.
2. Introduction
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3. The principal of Cambridge Real Estate Company in Massachusetts, Shannah Hall
introduced the “Little Japan” concept to the Boston area by leasing space to Japanese-
themed tenants at the Porter Exchange building in Cambridge’s Porter Square.
Experienced in commercial property matters, Shannah Hall served as the former director
of retail leasing for Hammond Real Estate.
4. Commercial leases are rental agreements that involve the leasing of commercial
property for a specific business purpose. This property can be a warehouse, office
space, or industrial site. Standard commercial leases are more flexible when it
comes to the lender’s right to relocate tenants, as office and other commercial
workers are seen as less affected by a change in location.
5. Retail leases, on the other hand, represent a specific type of commercial lease
that pertains to tenants who plan on selling goods to consumers on-site. Such
leases are often more restrictive on the landlord’s right to relocate tenants, as
retail performance is strongly tied to location. Further, these types of leases
typically incorporate more rules about the precise permitted use of the rented
property and its operations.
