Displaying items by tag: tenant representation broker
So, you’re looking for a new commercial real estate space for your business. That’s great! Operating in the right office or warehouse is a key factor in achieving long-term growth and success. But finding the right fit for your business in Denver’s competitive commercial real estate market is often a challenge unless you have an unlimited rental budget. Selecting the right space—and successfully negotiating a lease you can afford—are no easy feats. To avoid potential pitfalls, it’s wise to seek out the professional support of Denver tenant representation services.
An administrative office in the healthcare industry came to Justin Rayburn, tenant representative, to renew and restructure an existing lease agreement.
The client was in a long-term lease obligation at a rental rate that was 15% above current market rents in their building and in need of interior renovations completed within the premises.
The client didn’t have the time or in-depth expertise needed to go head-to-head with their landlord—that’s where we came in. To successfully restructure the lease, Rayburn knew he would have to start negotiating early. Without sufficient lead time, they’d lose any leveraging power they had. To determine the new leasing agreements, Rayburn performed a property evaluation, market analysis, and financial analysis. After doing so, he sought a lower rental rate and much-needed tenant improvements.
Rayburn restructured the lease agreement 13 months prior to the natural lease expiration. The client received over $175,000 in economic value through rent savings and other economic concessions and tenant improvements were completed within the premises prior to the initially scheduled lease expiration.
Rayburnacted as the tenant representative for the lease renewal and restructure. If you need similar services and are looking for a trusted, experienced tenant representative to restructure an existing long-term lease in Colorado (or anywhere in the United States), contact us at Fountainhead Commercial today.
As a business owner, you have a lot of responsibilities on your plate, the least of which being the minutiae of your office or industrial lease. This is where a tenant representation consultant can be highly beneficial - helping you navigate the lease renewal / expansion / relocation and negotiation process while advocating for you and your business. In a competitive marketplace like Denver, it’s even more important to have an experienced advocate working on behalf of your business. How do you find a qualified and skilled professional, though? Here’s the all-inclusive guide to finding a quality tenant representation specialist in Denver.
As a business owner, you have a lot of pressing things to worry about, not the least of which is your office or industrial lease. For most business owners, the never-ending to-do list means enlisting the help of an experienced tenant representative when the time comes to negotiate a lease. As a CCIM-designated commercial broker, Lowrey Burnett of Fountainhead Commercial, has worked with a wide variety of businesses and business owners throughout the leasing process to include attorneys, accountants, financial services, oil and gas, engineers, fitness, product distribution, product manufacturing, contractors, marketing, medical, etc. As a commercial tenant, there are certain responsibilities that fall to you. The Fountainhead Commercial team has put together this guide to help commercial tenants make the right choices throughout every stage of the leasing process.
The Denver business landscape is competitive. There’s no doubt about that. That means when it comes time to make decisions for your business that are outside of your area of expertise, you need to consult with an outsourced expert who can not only satisfy, but exceed your expectations. The commercial real estate you own or lease is no exception. We know that, as a business owner, you’re busy managing day-to-day operations and don’t have time to be well-versed in the process of selecting tenant representation services. So, we’ve put together a comprehensive guide that will help you ask the right questions of any Denver tenant rep you’re considering so you can make an educated decision.