How Office Tenants Can Avoid A Costly & Common Mistake
October 27, 2015 | Posted In Insider's View, News & Resources, Newsletters
By: Carrie S. Holstead
President & CEO, Carrie S. Holstead Real Estate Consultants, Inc. / ITRA Global
Corporate real estate is typically the second largest line item expense in a company’s budget, and it’s easy to spend hundreds of thousands more than is necessary on a multi-million dollar office lease. To avoid one of the most common and costly mistakes made by tenants, start the lease analysis process early. This shifts the leverage from the landlord to the tenant. As importantly, it provides your company with the opportunity to go through a lease analysis process which, if managed in your best interest, will include landlords that can best accommodate your needs competing for your occupancy, and will result in securing the most attractive lease arrangement as well as ongoing protections for your company.
About the Author
Carrie S. Holstead is the Founder, President and CEO of the longest established tenant representation firm in Pittsburgh, Pennsylvania, as well as Chairman Emeritus of ITRA Global with experience in nearly 300 markets around the world, 2015 Woman of Influence (Real Estate Forum Magazine), and acclaimed author of the monthly Insider’s View To Corporate Real Estate. If your company needs to expand, contract, merge, relocate, or renew an office leases(s), locally or globally, contact Carrie Holstead at +1 (412) 255-3737. To receive the Insider’s View To Corporate Real Estate electronically, sign up at www.carrieholstead.com .
All information provided herein is from sourced deemed reliable but no warranty, expressed or implied, is made.
