Name: Bradford Commercial Real Estate Services
Address: 10440 N. Central Expressway Suite 1150, Dallas, TX, 75231, US
Telephone: (972) 776-7000
Price range: $$

What are the benefits of a tenant representation broker?

1. Saves Time - Tenant representation brokers spend everyday learning the market and gathering data to better assist their clients.
2. Protects Tenants - Tenant representation firms know what economic deal points are common in the industry and can use that knowledge to secure better lease terms for your firm.
3. Creates Competition - Orchestrating landlord competition in the market results in the competitive offer for your company.
4. Cost Reduction - Through negotiation, tenant rep brokers will create as much leverage as possible for tenants to reduce costs.
5. Leasehold Flexibility - Commercial Real Estate firms can provide advice and know the language of commercial leases. As your company’s needs evolve your contract and tenant rep broker won’t hinder your growth.

How to negotiate renewal options on your commercial lease with your Landlord?

Review the Lease Agreement - Start by reviewing your current lease agreement and understanding the terms and conditions related to renewals. This includes the length of the renewal period, the notice period required for renewal, and any conditions or limitations related to renewal.
Gather information - Research the current market conditions for commercial leases in your area. This can include information on rental rates, vacancy rates, and other factors that may impact negotiations.
Develop a Strategy - Based on your review of the lease agreement and market conditions, develop a negotiation strategy that outlines your goals, priorities, and fallback positions. This can help you stay focused and avoid getting sidetracked during negotiations.
Initiate Negotiations - Contact your landlord to initiate negotiations for a lease renewal. Be clear about your intentions to renew and explain your reasons for wanting to stay in the space. Also, be prepared to discuss any changes or improvements you may want to make to the space.
Offer Incentives - Consider offering incentives to your landlord to sweeten the deal. This could include agreeing to a longer lease term, offering to pay rent in advance, or agreeing to take on additional responsibilities, such as maintenance or repairs.
Be Prepared to Compromise - Negotiations are often about give and take, so be prepared to compromise on some issues to reach a mutually beneficial agreement. This could include accepting a slightly higher rental rate in exchange for a longer lease term or agreeing to pay a higher security deposit to secure the renewal.
Get it in Writing - Once you have reached an agreement, make sure to get it in writing and have both parties sign the document. This can help avoid misunderstandings or disputes down the line.

What are 5 key items that should be considered in my new commercial lease?

Rent and Fees - It is important to carefully review the rent amount and any fees associated with the lease, such as common area maintenance fees, utilities, or property taxes. You should understand the payment schedule, any late fees, and whether the rent can be increased during the lease term.
Lease Term and Renewal Options - The lease term and any renewal options should be reviewed to ensure they align with your business needs. A longer lease term may provide stability, but if your business needs change, you may want a shorter term. Similarly, consider any renewal options and the notice required to exercise those options.
Use and Occupancy - The permitted use of the space should be clearly outlined in the lease agreement. It is important to ensure that the space can be used for your intended business purposes and that any restrictions or limitations are acceptable.
Maintenance and Repairs - The lease agreement should outline the responsibilities for maintenance and repairs, including who is responsible for making repairs and paying associated costs. It is important to review these provisions to ensure they align with your expectations and budget.
Termination and Assignment - The lease agreement should include provisions related to termination and assignment. Consider what happens if you need to terminate the lease early, or if you want to assign the lease to another party. These provisions can have a significant impact on your business, so it is important to understand them before signing the lease agreement.

Why is location so important in commercial real estate?

Location for Clients - Clients can be influenced by the smallest factors, from a company’s proximity to another frequent destination to a building’s frustrating parking arrangement. Our tenant tours will help you uncover these unadvertised assets—or detractors—that can sway your clients.
Location of Resources - Manufacturing and distribution companies are especially concerned with proximity to vendors, suppliers and arterial roads. But all businesses must take into account how ancillary services such as printing and legal can be accessed from a potential location.
Location of Employees - Location can be a major factor to attract and retain your greatest business assets—your people. Proximity to public transportation and daycare, amenities such as bike lockers and workout facilities, and lifestyle amenities such as green spaces and entertainment venues all contribute to your employer brand.

Tenant Advisory

Stellar Performance. Stellar Relationships. Commercial Real Estate Tenant Representation.

Market Insight

Protect Tenants

Create Competition

Cost Reduction

Leasehold Flexibility

What are the benefits of a tenant representation broker?

How to negotiate renewal options on your commercial lease with your Landlord?

What are 5 key items that should be considered in my new commercial lease?

Why is location so important in commercial real estate?

We are proud of our association with many clients and strategic relationships.

CASE STUDIES

JDA Technical Services Group

KT&G USA Corp

Duro-Last Roofing Systems

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