NEW YORK CITY-After finding common ground and averting a New Year’s Day strike, the Realty Advisory Board on Labor Relations and Local 32BJ of the Service Employees International Union reached a tentative agreement covering more than 22,000 city office cleaners. But several provisions in the resolution also benefits commercial owners and managers, RAB tells GlobeSt.com.

“This agreement really has something for everyone,” Howard Rothschild, president of RAB, tells GlobeSt.com. “We were able to negotiate a fair deal and one that reflects today’s economic realities, and that’s what we’ve been talking about all along.”

Under the agreement, the deal establishes a four-year contract providing nearly a 5.6% wage increase, bonuses totaling $1,100 and preservation of employer-paid health benefits for union employees. The agreement also creates a new development committee, a group solely focused on newly constructed buildings and negotiating special agreements there.