6 Steps to Finding the perfect office

6 August 2015

When looking for an office we can gain a lot by turning for help to a specialist. Experienced tenant representative will conduct an in-depth analysis of the current demand, help assess future needs, examine the available offers and negotiate a good deal. Moreover, the representative will point out terms and conditions we do not know about.company, which provides comprehensive services in commercial real estate, explains what actions will a professional agent take to reach this goal.

 

Define requirements

Advisor who will represent our interests as a future office tenant will help clarify the real needs of the company. It is not only about the size of the office space, the layout, or the type of building in which the office is to be located. Our representative will also assess what office space will be most suitable for the company in the short and long term, in order to eliminate possible moving. In the event of relocation of the office, the agent will also calculate costs, analyze opportunities in accordance with the current market conditions, as well as take into account the renegotiation of the existing agreement and then present us with the best option.

 

Find attractive offers

Acting on our behalf, the company will examine every real estate available on the market and determine which one offers the most suitable space for us. While doing so, a good advisor can identify opportunities that are not the obvious choice and find opportunities that are not well known on the market, so that to the total cost of the lease is the most optimal. The agent will compare offers in a systematized way, so that the analysis is transparent.

 

Make a short list

Then the advisor will select a short list of offers and initiate a competition between representants of the selected real estate, in which signing a lease will be at stake. Usually on such a list there are three best offers, between which it comes to a final battle for the top spot on the podium.

 

Compete for the most favorable conditions

An experienced agent knows all the ins and outs of real estate transactions and is able to identify possible traps, thanks to which we will avoid a failure. The representative will check the provisions of the agreements concerning the cost of maintenance fees and all possible charges. The agent will check the terms of contracts concerning the sublease or the assignment of the agreement to secure us in case of a possible termination of the lease or the need to increase office space. Tenant's representative will identify all costs, charges and obligations during the period of the lease, which are often  hidden in the contract and can easily be overlooked. Thanks to their experience the consultant will help us determine all the predictable expenses.

 

Fight a battle in the negotiation ring

Tripartite negotiation process used by the professional advisors, allows to achieve the best tenancy conditions and attractive incentives. What's more, the agent may serve as a buffer between the tenant and the landlord. After enforcing final agreement the representative will remain a "bad cop", which will help keeping cordial relations between the two parties.

 

Take care of paperwork

The agent takes over the entire paperwork. Tenant's representative will prepares RFPs, financial analysis and other necessary documents. The agent analyses the content of the agreement (businesswise) and suggests changes. This way we will avoid problems related to signing an unfavorable or badly prepared contract.

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