combined with years in the real estate industry. It is a detailed process. Your broker will use a software program to conduct this analysis. You can also conduct a financial analysis with many of these programs as well. Though it’s a very bad idea to not use a broker, you can still use this software to conduct the analysis without the help of an expert. Lease Matrix can be found at https://lease.io. The software allows you to compare multiple properties and even leasing versus owning. It will also analyze the terms of each part of a proposed lease. There are other similar programs that will accomplish similar things. The difference between an average tenant using them and an experienced broker is dramatic. That’s because it is important to understand the principles of the analysis and how each of them impact cash flow. You need the final result to provide an effective occupancy cost per square foot analysis. It will be one of the deciding factors in your office search. A qualitative analysis also should be conducted. Cost isn’t the only thing that companies need to think of when they start a property search and need to narrow down their choices. Every other factor that isn’t money comes into play as well. This will help give you an idea of how little or how much you will pay for each space. That will be weighed against the financial analysis.
USE YOUR FINANCIAL ANALYSIS AS A NEGOTIATING TOOL
Once you get this done, it is the biggest bargaining chip. Stacking up the prices to market value is one way to get a price down. The other is comparing one price to another. The best deals are negotiated like this.
If the inside of the building is run-down and needs massive
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