Real Estate Blog

Do I Stay, or Do I Go? – Ask a Tenant Rep

Tenant Rep negates on behalf of the tenant

Dear Business Owner, No Pain Chiropractor’s 1,500 square foot retail lease is up for renewal.  The big question for No Pain is, “Do I stay, or do I go?” Business is booming and the lease amendment details, like a higher lease rate and no tenant improvements, had been pushed to the back burner until the last minute. By then No Pain Chiropractor was in a corner. Sam, the business owner had two choices: sign the amendment or try to relocate in two weeks. Sam weighs his options. Overwhelmed by the process, he signs the renewal instead of the risk of

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The Cost of Tenant Representation – Part 2: My Tenant Rep Costs How Much

Not hiring a Tenant Rep is the biggest mistake a small business owner makes when searching for office space.  The deal negotiated directly with the Landlord will cost the Tenant over the term of the lease, no matter how savvy a business person. The Tenant just doesn’t know what they don’t know. You might have these questions: Isn’t leasing office space a DIY? Why pay for something I can read up on and do myself? If I hire a Tenant Rep, how much do they cost? No Tenant Rep Example iWeb, a web based company, had the perfect office in

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Raintree Medical/Office Condo for SALE – 4,254 SF

Location: 9300 E Raintree Drive, Suite 130, Scottsdale, AZ In a prominent location fronting on Raintree Drive between Thompson Peak Parkway and the Loop 101, is a beautiful medical/office condo close to amenities galore. Most of the offices have windows. This efficient 4,254 square foot trendy medical office converts nicely to general office with wood doors and travertine floors. There are conference room choices, a total of 10 offices, 2 built-in offices and shared workspace. With a generous breakroom, three interior restrooms and a shower, it allows for the kind of office space that attracts and retains employees with a desirable social work environment. Specifications Total 4,254 SF

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The Cost of Tenant Representation – Part I

Inexperienced Tenants often mistake the person showing them an office suite, the Landlord’s Agent/Broker, as someone who will take care of them in their lease negotiations.  They don’t and here’s why. Landlords and Tenants interest in leasing space differs greatly. The Landlord wants to make money and the Tenant wants to save money. This juxtaposed position makes it impossible for one Broker to honestly and fairly represent both sides of a lease transaction. A Landlord’s Broker has a fiduciary duty to the Landlord; a built-in conflict of interest. When a Landlord’s Broker suggests they can represent you, the Tenant, fairly,

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Current Listing: Prestigious Paradise Valley Office

DOWNLOAD PROPERTY BROCHURE Total Square Footage: 2,015 Sq Ft Move-in Ready Office Suite at Tatum Blvd. & Shea Blvd. Located just north of the northwest corner of Tatum Blvd and Shea Blvd, a state-of-the-art office is close to amenities galore. The office condo project is within walking distance to restaurants, retail and other businesses. It is one mile south of Paradise Valley Mall. This efficiently laid out 2,015 square foot ex-architectural office sports the latest office trends with sand blasted masonry block walls, exposed ceilings and collaborate professional office space. The glass conference room, 2 executive offices and two interior restrooms add a touch of privacy when needed. Well-organized work spaces,

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Part IV – SimpLEASEity – Commercial Real Estate Overview

We’re going to keep this brief… Before SimpLEASEity’s™ 11-steps of leasing can be executed, it’s necessary to understand a few commercial real estate (CRE) fundamentals. The key to Tenant success is twofold. Appreciate how CRE fundamentals fit into the larger scheme of a lease. Recognize the importance of retaining experienced Tenant Representation to save money on your new lease or renewal. CRE is BIG business. This powerful industry dominates world affairs and it fuels our economy.  CRE is built on long standing relationships with BIG money behind it. From the beginning of time, landowners have held the power. As a

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Part III – SimpLEASEity

Why a Tenant Rep? A Tenant Rep is a highly trained specialist who safeguards lease exposure, manages expectations, analyses each property, and assures the negotiated lease terms are what market conditions dictate as fair.  The Tenant Rep keeps you informed of industry changes, trends and will assist with lease renewals. Think about it, a business owner seldom searches for office space.  At most, a company moves two or three, maybe four times during its business life.  The average lease term is three to five years, sometimes ten. If the lease is written well from the get-go, the Tenant Rep will

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What is SimpLEASEity?

SimpLEASEity, a guide to commercial real estate office leasing, contains confidence-building tools for the layman to utilize when seeking a new business location. It empowers Tenants to negotiate a successful lease and offers tips to identify and hire competent Tenant Representation at no cost to you. There are 11 simple steps to empowerment when leasing office space. Step One – Strategic Economics, the plan Step Two – Market Conditions, a fair lease rate Step Three – Information Gathering, the property search Step Four – Property Tour, possible office options Step Five – Narrow the Prospects, market the Tenant Step Six

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NEW LISTING: 5940 SF RETAIL Sale or Lease PHX

NEW LISTING: 5940 SF RETAIL Sale or Lease PHX Location: 15227 N Cave Creek Rd (Greenway & T-Bird) Easy access to Loop 101 & I-51 Cave Creek Rd over 21,000 cars daily Drive up onsite parking LARGE monument signage on Cave Creek Road Five separate storefronts, each with its own plumbing or one large storefront Fenced in backyard with separate access Zoned C-2 $760,000.00  sale  /   $11.25 NNN  lease Download the property flyer | Download Demographics Contact Andrea Davis for more information.

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For SALE or LEASE: 2,041 SF Move in Ready in Ahwatukee

Location: 16515 S 40th Street (40th St & Frye Rd) Building 3 Great medical synergy 7 EFFICENT design! 7 exam rooms, large reception, storage, lab, breakroom, 2 RR’s, built-in’s 5.3/1000 parking-drive up parking 2 covered reserved parking spaces at the back door Office condo project with 9 elegant buildings; lushly landscaped. Download the property flyer Contact Andrea Davis for more information.

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