Blackmore Realty Group has extensive expertise in representing local and national tenants with various requirements. We analyze each tenant's business objectives and execute strategies that provide our client with the optimal real estate solution. Our comprehensive tenant services include:
Strategic Planning
Space Assessment
Site Selection
Relocation
Expansion
Lease Renegotiation
Renewals
Financial Analysis
Project Management
Our value added services, real time market information and negotiating expertise benefit our clients by reducing occupancy costs, providing flexibility in lease terms and mitigating risk. Our services for successful lease negotiations are paid for by the landlord with no cost to our clients. We offer a comprehensive approach providing our clients with the highest level of service in the marketplace.
Steps to Successful Tenant Representation
What are the Benefits of Tenant Representation?
Successful completion of a commercial real estate project often involves multiple parties and complexities. It is important to realize that each party involved in the process may have priorities that do not necessarily align with your best interests. A Tenant Representation broker works for you on your behalf. The tenant rep broker has detailed information on the market and the terms in which transactions are being finalized. This will save your company significant money upon completion of the project.
In addition, if you plan on handling the process yourself, it is important to consider the significant amount of time involved with even a small project. If you plan on using a dedicated member of your team to handle your tenant representation, it is important to stop and ask yourself if this person has the necessary skills and expertise needed to handle this project from beginning negotiations to the final move-in day?
The range of skills necessary to successfully complete even a simple commercial real estate lease and build-out often takes the acquired knowledge of an entire team. By choosing Blackmore Realty Group as your tenant representative you gain the benefit of an experienced advisor working on your behalf to create leverage in negotiations with all parties, as well as to overseeing the project from the start to the completion.
When Do You Need to Use Tenant Representation
- If you have two years or less on your current lease
- If your organization has a requirement for more or less space
- When an event takes place with building ownership that could impact the valuation of the building, such as a sale or refinancing of the building.
- When analyzing your operating expense pass thru costs.
- When undergoing any project that requires a project manager.
A lease renegotiation or restructuring can be mutually beneficial to the landlord and tenant. Tenants may receive benefit from incentives including; free rent, reduction in base rent, resetting your operating expense base year and even tenant improvement dollars
