The tenant improvement dollars differ based on a number of variables including motivation of the landlord or owner, other monetary negotiations such as sale price or rental rate, and other concessions the landlord or owner have made for this particular real estate transaction.
Author: Susie Farmer
Many times companies start the real estate process on their own, looking for sites that interest them. They gather information by calling each property and the broker that represents it. Although this may result in the same end goal, it is often times not the most successful and time saving or cost saving method. Forming an exclusive relationship with one broker that will lead this process is very beneficial for a number of reasons.
Similar to using a Realtor to look for and purchase a home, a commercial real estate broker helps clients look for and either rent or purchase office, retail, medical, or industrial space and land. This process is known as tenant representation and is a very common practice for many businesses looking to move, expand, or add additional locations.
Many company leaders are looking for alternative ways to cut costs, that won’t affect the staff they have come to appreciate so much. Second only to payroll, real estate always ranks amongst the top expenses on a business’s checkbook. We’ve come up with three ways to potentially save you money in this department.