How Commercial Tenant
Representation Supports
Lease Negotiations
Working with a team of experts who have a wealth of expertise alleviates the stress of trying to secure a competitive lease on your own. Your interests are our top priority, so our primary goal is to negotiate flexible contracts and minimize costs.
With tenant representation, market comparisons, rent abatement, tenant improvements and lease terms fall on us. Our expert team analyzes potential leases for expansion and contraction rights, early termination clauses and renewal options that may affect your business growth.
And because we’re well-versed in industry jargon, we can also identify unfavorable escalations, restoration clauses, hidden expenses and other pitfalls that may affect your budget.
DRK’s Commercial Tenant
Representation Services
Space Programming
The experts at DRK complete a thorough evaluation to understand the fine details of your operations. Doing so allows us to determine the ideal space that will maximize your current and future objectives. We consider factors including the number of employees, workflow optimizations, amenities and infrastructure and space scalability.
Location Identification
Your business type, space requirements and customer accessibility will influence the types of commercial properties we identify on your behalf. We conduct comprehensive market research and evaluate factors including demographics, competition analysis and zoning laws to determine if a potential space suits your needs. That streamlines the search process and minimizes your risk of locking into a site that isn’t right for you.
Budgeting
Analyzing upfront costs and reviewing lease terms can help you avoid unplanned costs. We offer rent analysis services to help you find a fair market rate in your desired area. Our representatives also review operating expenses and additional costs that could influence your lease terms, including property taxes, insurance, utilities and facility fees. Knowing exactly what you’re expected to pay each month can help you budget efficiently.
Market Options
We review existing and built-to-suit solutions to determine which option will provide you with the space you need to succeed. That includes comparing different types of commercial properties, such as flex spaces, coworking opportunities and central business districts. Relying on our expert insight eliminates the guesswork of trying to find the best solution for your company and employees.
Tours
It’s crucial to tour a commercial property before investing your time and money. The DRK team works closely with listing agents and owners to schedule tours so you have the chance to see a potential space firsthand. Your thoughts on layout, structural integrity, usability and location will guide our search as we work to find the ideal space for you. DRK also has an extensive network to provide you with access to upcoming and off-market listings.
Request for Proposal Management and Evaluation
We send Request for Proposal (RFP) documents to multiple landlords on your behalf to gather detailed lease information so you can find a favorable option. It’s an effective way to save time because you compare multiple offers at once. Our team drafts RFPs outlining your specific space, lease, cost structure and amenities requirements. They will review and compare all responses to the proposal and leverage them to push property owners for competitive rent, incentives and terms.
Lease Negotiations
Working with an expert team of tenant representatives allows you to secure more competitive offers when looking for a commercial space for your business. We can negotiate new leases and renewals, tenant improvement allowances and rent abatement periods to help you manage your costs. Our extensive experience in commercial real estate in Columbus, Ohio, provides us with insight into different incentives and concessions to give you the most bang for your buck, whether you’re signing a new or renewed lease.
Why You Should Partner
with DRK and Company
DRK and Company is a full-service real estate brokerage agency. We’re at your disposal with a variety of skills and years of experience to handle contract negotiation, acquisition and much more. We also offer learning opportunities on marketing programs, inspections, financing and tenant relationships.
You can focus on running your business or managing your other investments while our agents search the market for the best options based on your needs. They will guide you through the selection process and help you close deals with the assurance that you’ve made the ideal decision for your company.
Let us do the heavy lifting and reap the benefits of investment optimization. Contact us to schedule a free consultation.
Frequently Asked
Questions
Whether you’re looking for a quick answer for more extensive insight, we have answers to common questions about commercial real estate brokerage services.
What is commercial tenant representation?
Commercial tenant representation is a service that helps businesses secure leases for office, retail, industrial and other spaces. Representatives advocate for your needs on your behalf, coordinate tours, and negotiate rent and lease terms.
Who needs commercial tenant representation services?
Various businesses and startups can benefit from commercial tenant representation, including:
- Small businesses
- Large corporations
- Non-profit organizations
- Government entities
You may also need those services if you’re relocating, renewing your lease or growing your operations.
What types of properties fall under tenant representative services?
- Office space
- Retail properties
- Warehouses
- Hotels
- Flex spaces
- Development properties
When should I start working with a tenant representative?
It’s recommended to contact a tenant representative before you secure a lease, ideally when you begin your search or renegotiations for a property. Reach out to DRK and Company Realty at least six months before you plan to relocate or renew a current lease.
How do I choose the right tenant representative for my business?
Here are some factors to consider when looking for a commercial tenant representative:
- Industry experience
- Market knowledge
- Client testimonials
- Knowledge of lease terms and legal regulations
- Communication skills and availability
- Resources and network
- Fee structure
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Westerville, OH 43082
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