Office Tenants moving up in the world!
Office moves are currently presenting Tenants with an ideal opportunity to move into better, cheaper and more appropriate office space.
According to the Wall Street Journal, Office Tenants that are relocating their businesses are moving up in class from Class B properties to Class A Office Space.
Office space that was once out of reach for many tenants during the boom times is now a very real option for smaller to mid-size companies. As you can imagine, it is a very attractive proposition for a company to move office into a higher classification property when they are being offered low rental rates, rent free periods and tenant improvement allowances!
All landlords have a constant challenge to fill their properties with tenants - but now Class B properties are having to fight harder than ever to hold on to their tenants. Why? Because while Class A Office Landlords can lower their rental rates (in order to fill their properties), the Class B Office Landlords are unable to increase their building classification without significant capital investment. And it is this dynamic that is at the core of the surge of tenants now moving office into Class A Office Buildings.
Office leasing activity currently stands above the 2003-2008 average and, in the race to secure tenants, the market is seeing agrgressive tactics from all parties involved. With many businesses looking to exploit market conditions, HelpMovingOffice.com, has put together some useful information for Tenants that are thinking about moving office.
Considering an Office Move? Should you stay put or move office? Your first step is to contact a local Tenant Rep Broker who can then help you look at your business & property strategies in order to assess the options available and discuss which will be the most appropriate for you.Planning an Office Move? Go to the HelpMovingOffice Resource Center for the full range of office relocation planning information and moving office checklists.
Looking for Office Space? When it comes to finding the right office space - and then negotiating the best deal - hiring a Tenant Rep Broker will mean that you will pay LESS for your office space. Refurbishing Existing Office Space? If you decide to renew your existing lease (rather than move office) then a refurbishment of your current office is a great opportunity to affect positive change management, improvement in business performance together with increased morale and momentum. Speak to an Office Design Company and/or General Contractor to discuss how you can refresh your workspace in a way that meets both your budget and requirements.
About HelpMovingOffice.com HelpMovingOffice.com is the independent internet resource that guides companies through the office relocation process. It provides companies that are moving office with access to comprehensive free information, guides, tools and checklists. It also gives businesses instant connection to approved companies in their area to work with for the major component parts of the office move. The combination ensures that office moves happen on time, to budget and with the minimum hassle and disruption to the business.
Planning an office move? Go the office relocation planning resource center
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With over 15 guides, checklists, tools & calculators the Resource Center has everything you need to plan, organize & manage a successful office move.See Resources
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