CHAPTER 11 Factors to Consider o Consider in Office Leasing
YOUR IMPORTANCE TO LANDLORDS. RDS.
You don’t have to be a giant company to be important to the property owners. You and tenants like you are probably more important to them than you think. The majority of office leases are under 10,000 square feet. A lot are under 5,000 square feet. These are spaces that need to be filled. If you are the right fit for a building and that office community, then you are a needed commodity to that landlord. If your company is financially sound, your value to a landlord is increased. If you have future growth plans, and the landlord is flexible, you’ll mean even more to them as a tenant. Tenants matter a whole lot to landlords. Don’t lose sight of this throughout the leasing and negotiating process. Smaller tenants and business are the lifeblood of the commercial real estate market. If you are a perfect fit for the size and area, you’re even more important to a landlord. They need you as much as you need them. When you go into your search and, eventually, negotiations, don’t let landlords think you are quickly replaceable. Once you’ve proved your company’s respectability and value to them, they should want to avoid the effort of having to find another tenant.
HERE'S HOW TO KNOW THE MARKE W THE MARKET, INSIDE AND OUT. 63
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