Finding Office Space - Tenants Guide
Tenants Guide to securing the right Office Space
An office move is a big decision and, done correctly, is one that that can have many benefits for your business. With the correct planning and preparation an office move will allow your business to grow your customer base, improve its operational efficiency, attract & retain staff and raise your company profile.
It should therefore be a key prioity to pay close attention to the way you go about finding (and then securing) the right office space for your business. The good news is that the best practice way to go about this is clear.
When it comes to finding the right office space - and then negotiating the best deal for your company - there is no question that hiring the right Tenant Rep Broker will save your business money over the term of the lease.
Many market studies have been conducted on the savings made by companies who are represented by Tenant Advisors. Even the most conservative of them point to the clear findings that savings upwards of 15% can typically be made. This is good news for tenants of office space.
Tenant Rep Brokers are the go-to people when it comes to securing the right office space. They are adept at identifying the right office space options and then negotiating hard (but fairly) to secure the best deal. But it is more than just hard dollar savings they can bring to the party. They also bring lease negotiation skills to the table to ensure that you (their client) does not enter into a lease which contains unfavorable and restrictive contract provisions.
Their role, and expertise, is to work with you to help reduce your office occupancy costs. This comes about by their intimate knowledge of the office markets in which they operate. They fully understand fair market rents to ensure that you do not pay above-market rent for your office space.
Tenant Rep Brokers know the landlords and they know the markets. It is hardly surprising, therefore, why companies that hire the right advisor pay less for their office space.
Find out more about:
- the key role played by tenant rep brokers
- how do put together your office space requirements
- how to calculate how much office space your business needs
- what office space is on the market in your area
Planning an office move? Go the office relocation planning resource center
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