Real Estate strategies during a slowdown
We remain optimistic about the economy in Colorado and the rest of the USA. As my stockbroker said, it's like passing a kidney stone, it hurts, but things will eventually be alright.
That said, what can a company do from a real estate perspective to help itself immediately or position itself best for the long haul. Here are three strategies that will work right now.
Restructure your lease - a technique we have used successfully with clients that have 30 months or less on their lease is extend their lease term a couple of years, and in return we receive a lower lease rate and tenant improvements from the landlord.
Purchase - we advised our clients that in Feb 2007, when Equity Office Properties sold $39 billion in office properties that Sam Zell rang the bell at the top of the market. Today, most buildings are or will be "on sale" and there are a lot of purchase opportunities.
Right size your space - numerous corporations are looking for ways to trim expenses. We have successfully negotiated lease terminations for clients looking to dispose of excess space.
Rare Space wants to help you with your next commercial real estate lease or purchase.
We not only save clients time and money throughout the lease/purchase process, our services are provided free to our clients.
Some of our clients include:
Return Path, NewsGator Technologies, Macquarie, Par Technology, Northwestern Mutual, Baseline Engineering, Liteye Systems, - plus many more.
Contact us at:
Rare Space Inc.
www.RareSpace.com
or 303-296-8800
Are you thinking about moving in the near future? The links below should be helpful.
1. Office Space Square Footage Calculator
2. Relocation Timeline
3. Move Planning Checklist
4. Q3 2008 Office and Industrial Market Statistics
5. Maximizing the Real Estate Process
6. Commercial Real Estate Terms and Definitions
Posted on
Monday, December 8, 2008
by Tom Grotewold