You Don't Know What You Don't Know
January 22, 2016
- Will the New Year mean a lease renewal or a new location for your business?
- If so, you’ll want to consider these three reasons why professional tenant representation should be part of the plan.
1) With occupancy rates higher than they’ve been in nearly a decade, it’s a challenging time to negotiate a lease. Even in the best of times (for tenants), professional representation adds value. In a landlords market, the return on investment is even higher.
2) Leases that will renew in 2016 were originated when occupancy rates were low and concessions were generous. Professional representation can position you to get the best possible renewal considerations. If moving to a new location is your best alternative, the stakes are even higher.
3) Your Tenant Representative keeps up with trends in workplace design, space planning and utilization and other disciplines that impact your business. That’s in addition to expertise in real estate market conditions.
2016 promises to be an interesting year following the first interest rate increase since 2006. At the same time, competition for highly skilled employees is predicted to increase. Engaging professional tenant representation for your upcoming move or lease renewal will give you the competitive advantage.
Give us a call today.
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