Displaying items by tag: tenant representation services
Securing a lease at the right office, flex or industrial warehouse space at the right time, for the right price is challenging. And if you try to go about it alone, your commercial real estate experience can end up being more costly. When it comes to a decision as big as this, it’s best to trust and engage a professional. If you’re interested in commercial tenant representation in Denver, we’re here to help.
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.
Working with a tenant representative can result in major cost savings for you and your business. At Fountainhead Commercial, we work diligently to ensure we negotiate a deal that is in the best interest of your business.
A global client with over 150 locations needed to reduce overhead and refresh office finishes.
In order to do so, Fountainhead needed to evaluate their portfolio to determine where there was an opportunity to consolidate offices/relocate or renegotiate existing lease agreements while securing maximum tenant improvement dollars and other economic incentives.
Created a database tool to track all of the client’s lease administration including office size, rental rates, net expenses, remaining term, number of employees, and utility costs. Utilized information from the database, in addition to research on each market, to identify which metropolitan areas were most likely to provide maximum savings on renegotiation or relocation; identified and planned consolidation in 25 international markets.
Over the next twelve-month period we pursued decreased rent, tenant improvement dollars, free rent, and other concessions from the respective landlords. The client saved approximately 26% on their global occupancy cost, which equated to over $5,000,000 per year and approximately $27,000,000 over the renegotiated term.
If your business has locations across the United States, or even around the world, Fountainhead Commercial can help reduce overhead costs and renegotiate existing lease agreements. Contact us today to learn more.
A national insurance company wanted to upgrade its image within the marketplace and relocate to a more desirable area in Northwest Denver that would offer better amenities to its employees and increase employee happiness and engagement.
18-months prior to lease expiration, Lowrey Burnett and Justin Rayburn, tenant representatives, were tasked with developing a relocation and sublease/lease termination strategy.
Burnett and Rayburn needed to market the existing space to a new subtenant while simultaneously hosting lease buyout discussions with the landlord. In addition, it was imperative to identify a realistic timeline for relocation, identify and tour qualified market alternatives, design the premises, and negotiate a lease for a new location.
The client relocated six-months prior to their existing lease expiration, saved 23% on the initially quoted new building rental rate, negotiated a full tenant build-out, and secured a moving allowance in excess of $100,000. In addition, the client was successful in terminating the former lease agreement 5-months prior to lease expiration saving approximately $95,000.
If you’re interested in relocation, Lowrey Burnett and Justin Rayburn are here to help. Contact us today at Fountainhead Commercial to ensure you secure the right space, at the right space.
A medical client needed to relocate its marketing team and distribution center in order to launch a new business line. They enlisted the help of Justin Rayburn, to quickly find new space.
Rayburn was tasked with quickly identifying flex office options within north Denver and the I-36 corridor, for immediate occupancy.
In order to launch the new business line, the relocation needed to happen within 30-45 days.
Over 30 properties were identified and 4 ideal and viable alternatives were selected and toured within five-days of notice of the requirement. The top option from the tour was selected and a letter of intent was negotiated within 15-days of engagement. The client had a fully negotiated lease within 35-days and took occupancy of the new premises on the 47th day.
Justin Rayburn, tenant representative, successfully identified, negotiated, and secured a new space for the marketing and distribution team. If you’re interested in relocating, but don’t have the time or knowledge to find a new space, contact us at Fountainhead Commercial. We’d be happy to help in your search for a new space.
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.
If you’re a business owner in Denver, you know better than most how high the stakes are for any organization trying to succeed in the 2019 business world. The number of businesses filing with the Secretary of State in Colorado continues to grow year-over-year, with a record total of nearly 121,000 new filings in the 12-month period that ended Q1 of 2018. Since that point, the growth has slowed a bit, but the Denver market continues to surpass other major cities across the country. This means that the success of a small business requires every element of the operation to be at the top of its fame. Even the smallest weakness gives of the 750,000 businesses in Colorado the opportunity to encroach on your territory.