Single Point of Contact
You'll have one point of contact looking out for your best interest in all your real estate needs.
As your outsourced real estate department, TREA will take on the time-consuming legwork involved in everything from identifying potential savings in your current lease, to locating the best property for your needs, to representing you throughout the negotiation process. It can be exhausting to deal with multiple property owners and their brokers whose agenda is to “sell” their space or property. We'll deal with them and leave you free to run your business.
For Example
Lack of representation costs a tenant $253,310.
A company headquartered in Southern California had several locations in Colorado. At one Colorado location, they had an option to renew their 34,700 square foot lease at a “market rate”. The landlord contacted them and proposed a new “market” rental rate of $5.71 per square foot for their space. The landlord mentioned that he was giving them the best possible rate because of the tenant's long-term tenancy. The tenant signed the lease. The following week, the landlord put the adjacent space on the market at an asking rate of $4.25 per square foot. The tenant paid a 34% premium (an additional $253,310 over the course of his lease) because he was not aware of actual market conditions.
Lesson: The tenant thought they were getting the best deal. TREA will know the comparable market rates and specific deal terms and conditions relevant to your needs. Even on a renewal, knowing the market can save you thousands of dollars directly to the bottom line.
866.799.8732 | 719.634.9000 (o) | 719.448.0500 (f)