Guide to Tenant Representation Brokers
Tenant Representation when Moving Office
Tenant Representation Brokers make their living by representing the best interests of tenants that are looking for new office space. Companies that are thinking of moving office can gain tremendous value (and negotiating leverage) by hiring a Tenant Rep Broker to help them acquire office space.
Do you have the name & address of a local Tenant Rep Broker in your address book? No?! Why not?! In the same way that a business uses an Attorney for legal issues and a CPA for financial matters, a Tenant Rep Broker really is a key contact that all businesses should have. With office costs typically being a company's second largest fixed costs (after salaries) it should seem obvious that every dollar saved on your office rent goes straight to the bottom line.
Hiring a Tenant Rep Broker
There are no savings to be made by not hiring a Tenant Representation Broker
Companies that need to move office can utilize & leverage the expert knowledge & advice of Tenant Rep Brokers.
Did you know? Companies that hire their own Tenant Rep Broker pay less for their office space?
When looking for Office Space you need access to all available Office Space Options
The most important aspect of the "finding office space process" is to survey the entire market to both identify and qualify all relevant, suitable and available space options for your business. Tenant Rep Brokers have access to all available office space listings that are on the market (and even some that are "off" market).
Did you know? Tenant Rep Brokers give you visibility to the whole office market in your area.
Save thousands of dollars by hiring a specialist Tenant Rep Broker
Finding the right office space for your business is a lengthy and complicated process. Local Tenant Rep Brokers (ones that specialize in acquiring office space for Tenants in your local office market) are experts at not only finding the ideal office space but also negotiating the most favorable financial deal possible.
Did you know? Hiring an experienced Tenant Rep Broker can often reduce occupancy costs by up to 30%.
Save hours of your valuable time by having a Tenant rep Broker manage your Office Space Acquisition
You've got a business to run and you need to realistically consider whether you have the time, experience or skill-set to take on the crucial role of acquiring office space for your business on your own. Best practice (and experience) would suggest otherwise.
The Office Acquisition Process is lengthy and complicated which is why so many US companies outsource this key function to a Tenant Rep Broker.
Their expertise is to advise you on the most appropriate office space strategy, prepare office space listing reports outlining all relevant opportunities, arranging and accompanying you on office space property tours, submitting proposals to the landlords of those spaces that are or interest, negotiating the financial terms of the deal, securing valuable incentives from the landlords, liaising with lawyers and monitoring the transaction until completion.
Did you know? Companies that hire their own Tenant Rep Broker save time, make fewer mistakes and pay less for their office space.
Tenant Rep Broker - Summary
The role of your Broker is to provide your business with the expert advice, insight and information you need to make the right office space decisions which will, in turn, deliver the most economical & operationally effective office space solution for your company.
When it comes to finding the right office space - and then negotiating the best deal - a good Tenant Rep Broker will not only make sure you don't make any mistakes but will also save you money over the term of the lease.
Companies that hire Tenant Rep Brokers pay less for their office space.
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