In large metropolitan markets, tenant representation is the gold standard. It ensures that tenants secure not only competitive lease rates but also appropriate tenant improvements, concessions, contract flexibility, and more. While many smaller markets have been slower to adopt this practice, it remains indisputable that working with a tenant rep adds value, regardless of market size or region. Here are some benefits commercial tenants experience with proper representation.
Finding the Right Location
Selecting the right location involves more than just finding a space. It entails considering factors like employee and customer accessibility, space requirements, anticipated growth, brand alignment, and corporate culture. Your tenant rep has established relationships within the brokerage and landlord communities, an essential component to finding the right location, particularly in low-vacancy markets.
Reclaim Time & Focus
Relocating a business can be time-consuming and distracting. Tenant representation allows business owners to remain focused on day-to-day operations while professionals handle research, property tours, and negotiation.
Cost Savings
Tenant representatives evaluate lease rates and negotiate competitive lease economics. They leverage various avenues to ensure the best outcomes for tenants, providing significant cost savings in the process.
Space Planning & Buildout
With access to in-house construction and project management professionals, tenant representation firms like ERES can accurately price buildout costs and ensure that tenants receive appropriate funding for fit-out projects.
Lease Execution
Commercial leases are complex documents with long-term financial implications. Tenant representatives advocate on behalf of tenants throughout the negotiation process, offering expertise in lease terminology and market knowledge.
No Cost to You
Tenant representation services are typically paid for by landlords, making them free to tenants. This not only saves money but also helps avoid potential legal pitfalls.
Professional Support
Tenant representation firms offer access to a network of professionals including lawyers, architects, contractors, vendors, designers, and move managers, ensuring a smooth transition from start to finish.
Fiduciary Responsibility
Landlords prioritize their interests, not those of the tenant. A tenant rep ensures that tenant interests are also considered throughout the negotiation process and beyond, offering support from site selection to move-in.
The ERES Difference
At ERES, we redefine project management with a vertically integrated approach that grants us unparalleled control over every project, from inception to completion. We believe that quality tenant representation extends far beyond traditional brokerage—it’s a collaborative team effort. By leveraging our comprehensive suite of services, we tap into a wealth of resources beyond conventional market knowledge. Equipped with invaluable construction insights, we negotiate leases with precision, seamlessly intertwining construction costs with lease rates and terms to ensure optimal outcomes for our clients.
Proper representation is crucial for tenants navigating the complexities of commercial leasing. It provides invaluable support, saves time and money, and ensures that tenants’ interests are fully represented. Reach out to ERES today to learn more about their tenant rep services and to secure the best lease for your business.