Can You Negotiate Your Lease Expense Down?
With the ever increasing price of New York City commercial real estate rising due to the conversion, and demolition of office space, tenants are placing more focus on lease expenses. When looking for lease NYC office space, the options are so vast that the search can be overwhelming. Where does one start? The answer to this question lies in first examing the best methods of finding office space.
The online method of searching for office online independently usually does not yield the best results due to the lack of listings that actually get posted on the web. The alternative to the online method would be partnering with a tenant broker.
Negotiations with a landlord can yield significant savings, the issue is how does one execute the right negotiations? The fact of the matter is that for the majority of tenants, the knowledge of real estate is lacking. Due to this, landlords almost always have an upper hand when it comes to negotiations if one goes at it alone. This is for obvious reasons because most landlords specialize in commercial real estate.
By partnering with a tenant broker to find lease NYC office space, your business becomes your priority agian. Instead of learning about commercial real estate, tenant brokers are able to negotiate on behalf of their clients. If the tenant decides to sign on a lease, the tenant pays nothing to the broker. The broker’s commission is paid by the landlord. In this way, tenants have no risk with partnering with a tenant broker.