Our tenant representation services combine proven negotiating skills with unique management abilities. From the first meeting to move-in, 511GROUP provides its clients the ability to make informed decisions that support their real estate goals and represent a wise investment of their time and dollars. Our extensive knowledge of markets and landlord requirements allows us to proficiently facilitate transactions by providing our clients with:
- the resources to clarify their real estate needs and goals
- a clear understanding of market conditions and availability
- assistance and management of space planning to achieve efficiency goals
- an understanding of landlord capabilities and requirements
- an understanding of how landlord/tenant issues impact the lease
- assistance and management of the move to minimize company disruption
- an alternative fee structure based on actual performance
While traditional brokerage stops at simply negotiating a rent rate, our comprehensive and innovative approach to tenant representation includes:
Locating properties based on key factors:
- Convenient, appropriate business location
- Congruent property and business image
- Flexibility for space needs
- Safety of environment
- Availability of adequate parking for employees and customers
- Dependable, professional management
- Maintenance and cleaning services
- Stable property ownership
- Efficient building design
- Adequate and dependable building systems
- Client’s timetable
Negotiating attractive economic terms:
- Competitive rental rates
- Adequate tenant improvement allowances
- Building operating expenses
- Utility charges
- Parking charges
- Other inducement packages
Negotiating key lease provisions:
- Lease term
- Expansion options
- Right-of-first refusals
- Contraction options
- Termination options
- Credit requirements and limitations
Coordinating space planning:
- Recommending space planners
- Reviewing existing floor plans
- Evaluating new plans for efficiency and budget concerns
- Ensuring clients’ understanding of the plans and proposed finishes
- Planning for data, computer, and phone services
- Evaluating proposed engineering systems designs
Coordinating move:
- Recommending move planners and relocation firms
- Assessing systems requirements
- Referring to appropriate technical consultants
- Identifying key transition planning considerations
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