Your primary business is running your company, our primary business is real estate.
Landlords, in most cases hire a listing agent to help market the property and advise them. To balance this equation engage the services of Impact Realty Associates, Inc. as your own qualified tenant representative.
When it comes to negotiating for office space, there is no question that a good tenant rep will not only save you money, but will also make sure you don’t make any critical mistakes.
Lease Renewals
Lease renewals are just as important in the future of your business' success and you should always engage engage the services of a tenant rep.
How will Impact Realty Associates, Inc. save you money?
The leasing process is generally complex. After labor costs, your investment in office space may be your most expensive line item and decisions you make will have an impact on your company’s profitability. The tenant representative is your guide through the process.
Market knowledge is a extremely important, and a qualified tenant representative can make a tremendous difference. Having an understanding on asking rates versus deal rates and incentives available from the Landlord is critical to make sure you get the best terms available.
A qualified tenant representative understands the numbers and is able to translate data into implications for your business – advice on growth strategy within a particular building or market, for example. Tenant representatives are also able to perform financial analysis to help you select the most cost effective location.
Expert negotiation skills are critical for a favorable outcome. Representation gives you subtle leverage during negotiations, informing the landlord that you are professionally represented and undoubtedly advised of alternative sites and comparable lease rates. As an added benefit, a tenant representative may know the temperament of a particular landlord and/or landlord’s representative, and recognize how far to push the negotiations without jeopardizing the transaction. This is a definite advantage when it comes to lease renewals, too.
Familiarity with the documents is a must. Impact Realty Associates, Inc. has a working knowledge of the documents necessary to conduct the transaction. These documents include requests for proposal, letters of intent, lease agreements and workletters and vary from market to market. A tenant representative knows how to customize the documents to meet your needs. Impact Realty Associates, Inc. has the expertise and knowledge to assist you in leasing office space. We have the capabilities to ensure you find the right space, get the best deal possible and guarantee you avoid costly mistakes.