asked 2012-01-12 16:23:53 -0500
I found a new office space for my company and was wondering how long of a lease I should sign. The space is big enough for us for the foreseeable future and there is other office space in the building that we could expand to at a later time. Lease rates are more favorable than before so I am tempted to lock it in for the long term. Can anyone lend some advice on this?
answered 2012-01-13 10:16:28 -0500
Sounds like you need a tenant rep broker to represent your interests. Many lease terms beyond lease rate can affect the economics. You're right that locking in rate in a down market makes sense, but don't forget other 'landlord friendly' terms that an expert can help you navigate. Typically, your representative will be paid by the landlord, so it's truly in your benefit to have an advocate.
You might call our friends at Cushman & Wakefield in Phoenix. Tom Johnston is the branch manager, and he'd make sure you get connected to the right person. Feel free to tell him I sent you.
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Asked: 2012-01-12 16:23:53 -0500
Seen: 35 times
Last updated: Jan 13 '12
