Your business is expanding and so does your workforce. Space is getting limited and it is really about time to get a bigger office. But, where? And how do I tell which is better and more cost efficient option? Try engaging a Tenant Representative!
A tenant representative acts on your behalf in negotiating with the landlord right from the beginning on every aspect on relocation, expansion, disposition, subleasing and lease renegotiation of office space. Even better, they provide a great deal of assistance to foreign entrepreneurs who are unfamiliar with local market and practices.
How will a tenant representative save you money?
Time Saving. Time is money. Sourcing and comparing rental among buildings can really be mind blowing especially with the limited resources and contacts you have. Engaging a tenant representative is a one stop solution for you to have all the information you need without even leaving your office while you get to stay focus on your business.
Market informationis an essence in which a qualified tenant representative is able to make a big difference. Having a grasp on asking rates versus deal rates and incentives available is vital to ensure you get the best terms available.
Corporate advisoryon growth strategy within a particular building or market is pertinent to ensure a smooth expansion trail for your business. Tenant representatives are also able to perform financial analysis to help you select the most cost effective location.
Expert negotiation skillsare critical for a favorable outcome. Representation gives you subtle leverage during negotiations, informing the landlord that you are professionally represented and undoubtedly advised of alternative sites and comparable lease rates. As an added benefit, a tenant representative may know the temperament of a particular landlord and/or landlord’s representative, and recognize how far to push the negotiations without jeopardizing the transaction. This is a definite advantage when it comes to lease renewals, too.
Familiarity with documents. Tenant representative have a working knowledge of the documents necessary to conduct the transaction. These documents include requests for proposal, letters of intent, lease agreements and work letters and vary from market to market. A tenant representative knows how to customize the documents to meet your needs.
Your Search For Office
Over 250 Buildings