Real Estate Leasing Process

The real estate process for renting space can be quite cumbersome for tenants, especially with so many options to choose from. A commercial real estate broker will help navigate these options by going through a trusted process to identify tenant’s requirements and best negotiate a lease.

Determine Needs

  • Review existing leaseDetermine size requirement
  • Define location
  • Discuss budget and timeline

Provide Options

  • Broker prepares list of available properties
  • Find “out of the box” opportunities
  • Discuss options and coordinate corresponding tour

Site Tours

  • View selected properties
  • Discuss needs/construction costs of each property
  • Narrow properties to “short list”

Negotiations

  • Prepare non-binding negotiating documents for selected properties (see RFP and LOI examples)
  • Analyze responses
  • Prepare financial analysis (see example analysis)
  • Review all appropriate costs
  • Negotiate for best business terms

Final Property Lease

  • Work with attorney to review lease
  • Oversee all parties (ie: contractor, architect, landlord, attorney)

Follow Up

  • Remain involved throughout construction/move-in period
  • Monitor critical dates
  • Maintain relationship with tenant
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