Fellow real estate professionals if you have a prospect or friend that leases office space and you would like to help them get the "right" facility for their business at the lowest possible occupancy costs send them the below information. I will be very happy to see to it that the below strategies are implemented to their benefit. Remember the landlord pays my fee and I will happily pay a referral to any licensed agent.
Top Ten Strategies for Leasing Space for Your Business-by Michael Bull
Would you like to secure the right space, at the best price with the most favorable terms? Would you like to avoid costly mistakes associated when renewing or securing new space for your company?
The location, cost and terms associated with real estate can dramatically affect your company's bottom line profits. Today I will share with you a few proven top strategies to help your company make the right moves.
•1) Level the Playing Field
A tenant renting space may only do so a few times in their corporate life. A landlord negotiates leases over and over again. Successful companies level the playing field by engaging a tenant rep. Your company will end up way ahead, not only the rent you pay, but in the improved selection and the negotiation of important terms of the lease.
•2) Utilize a Specialist With Knowledge in Your Field
A tenant rep specializing in the property type you are considering, representing your best interest will add tremendous value. Their knowledge of the properties, landlords and buildings in the area help you make better choices. At Bull Realty our tenant reps specialize in one single property type. They specialize in either office, industrial, retail or medical properties. Be sure to engage a specialist to represent your company.
•3) The Right Team
Planning a move can become a stressful job. Lots of details have to be coordinated and a single mistake can have serious consequences. A successful relocation requires proven dependable vendors. We help you coordinate with the best moving companies, phone / internet providers, space planners, furniture companies, construction companies, attorneys and relocation services in the business. Your company saves time, money and averts potential errors by having the right team.
•4) The Power of Selection
You want to uncover as many location choices for your company as possible. Our tenant rep experts provide you the power of selection. We uncover more location options including; build-to-suit opportunities, subleases, off market properties and purchase options. Our relationships, market knowledge and team approach to your assignment provide your firm the advantages of the power of selection.
•5) Financial Analysis
How do compare lease proposals from different landlords with different time frames? What if the spaces are different sizes and offer different incentives? We analyze proposals and compare them for you, down to an exact net present value; even when comparing leases with different terms and time frames. You make decisions knowing the facts with an in-depth financial analysis.
•6) Competitive Advantage
When planning your next lease, would you like to know how much rent your competitors pay? It may be hard to compete in your industry if you are paying a more rent than your competitors. Your tenant rep at Bull Realty can provide the rent to revenue ratios for your industry. Our reps know your industry and the market, providing your firm a competitive advantage.
•7) Have Time on Your Side
Timing is very important. Many companies lose value and profits because they don't have enough time to locate choices and negotiate from a position of power. The best practice is to engage our lease administrations services at any time, regardless when you may have the next lease renewal or need. With our lease administration services, we analyze your business, your properties and we watch the markets for you. We make sure that time is on your side.
•8) Market Knowledge
Knowledge is power. Your Bull Realty tenant rep knows the market, they know the properties, they know the landlords and they know how to make that work for you. Since our reps work in their chosen field every day, they know the incentives, rates and terms that might be able to be negotiated for your firm. They put the power of market knowledge to work for you.
•9) Understand Possible Effects of Lease Provisions
This is a common area companies make mistakes. A lease can control space and your company for many years. Economies, industries and companies change. Through our transaction experience and the study of your business, we help you understand and negotiate important lease provisions to best suit your current and future needs. We have seen how companies can be affected positively and negatively over time by lease provisions.
•10) Analyze the Locations Affect On Your Business
A thorough understanding of how any particular location or building will affect your business is important. Consider employment base, demographics, trends, traffic, access, amenities, and how the businesses in the building or area might affect your business. As your tenant rep we can map competitive businesses, demographics and illustrate how these tangibles can affect your business.
If you wish to implement these Top 10 Strategies just call:
Rick Ferguson
Tenant Representation Specialist
404.876.1640 x 141
Clink link: Rick Ferguson's Professional Profile
Bull Realty, Inc
14 Piedmont Center, Suite 1100
3535 Piedmont Road
Atlanta, GA 30305
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