corporate real estate advisor: Rates are Going Up
- 03/22/12 07:44 AM
While searching for office space in west Plano on behalf of a software development company, I noticed that rental rates have gone up considerably. Class A office buildings are now quoting rates in the upper half of the $20’s plus electric. My favorite office building is Granite Park III which is quoting a whopping $29.50 plus electric. Many others are in the $26.00 range. Most class B buildings are over $20.00 plus electric. So while the media is still sounding the alarm about how bad the economy is, landlords are quietly raising rental rates, reducing the amount of free rent … (1 comments)
corporate real estate advisor: Is Your Corporate Real Estate Advisor Your Business Partner? And Only Yours?
- 03/01/12 09:36 AM
Working with an exclusive tenant representative is the best way for commercial office tenants to be assured their company's mission is at the heart of a lease transaction. The best tenant representatives are more than just lease-to-lease brokers, they are ongoing real estate business advisors. But what happens if your exclusive tenant representative also provides landlord services or joins a full-service company? This business strategy introduces a number of serious consequences to your relationship. Namely, it raises a number of questions about how your long-term real estate strategy will be handled. Can your tenant representative assure you of business confidentiality with … (0 comments)
corporate real estate advisor: Corporate Real Estate Services - Sometimes It's a Sale
- 05/23/11 03:45 AM
I am a Corporate Real Estate Advisor. Most people use the term "tenant rep" which is short for "tenant representative" because it's shorter and easier. I'm fine with that because most companies want to lease space instead of buying it. But Corporate Real Estate Advisor is a better term because we handle all real estate services that a company might need. This includes leasing new space and negotiating lease renewals as you would expect, but it also includes: 1. subleasing space no longer needed, 2. buying buildings for company use, 3. selling buildings no longer needed, 4. … (2 comments)
corporate real estate advisor: The Office Market will Turn Around - Now What?
- 03/30/11 02:03 PM
I have been in the commercial real estate business for 27 years so I have seen a few cycles. One thing is certain, whatever things look like today, they will look totally different in a little while. So while landlords have been suffering in this economy, it has been great for tenants who are enjoying lower rental rates and free rent. While no one knows exactly when things will change, there is general agreement that the tide will turn back to the landlord's favor within the 18 months. So what should a tenant do now? Well, if you are in a … (2 comments)
corporate real estate advisor: Top Tips for Negotiating Commercial Leases - #8 Never Talk to Your Landlord Again
- 02/21/11 06:18 AM
If you are sued and you hire an attorney to represent you, who does the talking in the courtroom? Would it make sense for you to call the plaintiff's attorney or even the plaintiff directly to discuss the case? The answer is obviously no. It’s the same in any negotiation in which an agent or intermediary is hired by a principal. You can't successfully negotiate if there are multiple people contacting the other side. Not everyone would have the same information when needed. So it's important that your tenant representative (corporate real estate advisor) be the single point of contact for … (0 comments)
corporate real estate advisor: Videos, business tips, inspirational quotes...another issue of The Reata BizLetter.
- 01/21/11 03:36 AM
We publish a monthly enewsletter with business tools and tips, videos, inspirational quotes, client profiles, and lots more. We are based in Plano, Texas which is a suburb of Dallas, but the info is applicable to anywhere. We are corporate real estate advisors or tenant reps so our customers are companies which lease office or warehouse space. Most of our work is in Dallas and Collin counties (Plano, Frisco, Richardson, Far North Dallas), but we also have handled transactions We'd love to have you subscribe if you like. Just go to my website and click on the orange "Join the Reata … (0 comments)
corporate real estate advisor: 50,000 new jobs in Texas in the 4th quarter 2009
- 02/09/10 07:34 AM
It's good to live in Texas. Those jobs create demand for office & warehouse space. And it will eventually change the balance of power in negotiating leases if it becomes a trend. So you might want to consider renegotiating your lease now before landlords start feeling confident of a recovery with jobs. We recommend that anyone with a lease expiring in the next 2 years evaluate their situation with their corporate real estate advisor (tenant rep) to decide when is the right time to take advantage of this depressed market. Read the article here -http://dallas.bizjournals.com/dallas/stories/2010/02/08/daily4.html?ed=2010-02-08&ana=e_du_pub. … (1 comments)
corporate real estate advisor: DFW Office Leasing Still Strong Relative to US
- 02/02/10 07:28 AM
DFW office leasing is doing much better than other US cities. But even within the DFW area, there are winner and loser submarkets. Northern suburbs like Plano and Frisco will always do better because they are close to where people want to live. The key is to have this information when negotiating a new lease or renewal. That is the kind of information that a corporate real estate advisor (tenant rep broker) follows and will use to effectively negotiate on behalf of companies. … (0 comments)
corporate real estate advisor: 2009 Office Demand Falls Sharply from 2008
- 01/13/10 09:32 AM
A report from Cushman & Wakefield reported that DFW office occupancy fell by 2 million square feet in 2009 and total leasing activity was down 43 percent. Not surprising given the current economic situation, I know. But like in most cities, there are winners and losers within the greater metropolitan area. Buildings along LBJ Freeway and downtown Dallas were hit hard with lots of tenants moving elsewhere or just closing their doors. The big winners were Plano and Frisco because those submarkets are close to where people live. Quoted rental rates didn't change much though. This seems odd when demand … (0 comments)
corporate real estate advisor: Just published in 10-23-09 Dallas Business Journal.
- 11/02/09 06:06 AM
The Dallas Business Journal published a commentary I wrote on the commercial real estate market. The article discusses why residential real estate is a leading indicator of the economy while commercial real estate is a lagging indicator. Here is a link to it - http://dallas.bizjournals.com/dallas/stories/2009/10/26/editorial1.html Let me know your thoughts. … (0 comments)
corporate real estate advisor: Who's the Customer Anyway?
- 05/27/09 08:52 AM
Are we in a recession or not? Is this a tenant's market? The answer to both questions is obviously, "Yes." But you wouldn't know it sometimes by the way some landlords are acting. It's like they think it's still 1999. I am a Tenant Rep or Corporate Real Estate Advisor so I spend my days talking to landlords on behalf of companies which need to lease office and warehouse buildings in the Dallas/Ft. Worth area. But I used to be a landlord agent. So I understand both sides of the table very well. The landlord and its leasing agents are suppose … (0 comments)
Anything and everything related to corporate real estate - a company's use of real estate. This is usually a company's lease or purchase of office, warehouse or retail space.
While searching for office space in west Plano on behalf of a software development company, I noticed that rental rates have gone up considerably. Class A office buildings are now quoting rates in the upper half of the $20’s plus electric. 
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