How to Uncover Hidden Real Estate Opportunities Cresa The Tenant s Advantage
Post on: 16 Март, 2015 No Comment
November 2, 2009
When considering opportunities for your business, thinking creatively can be a key component to uncovering viable options or leveraging your existing real estate assets. Plante Moran CRESA has a proven track record of knowing what to look for when working with clients to execute a strategy that improves their present situation and positions them for future growth.
Current trends are also showing that the tightened credit market, coupled with a high demand to borrow, is forcing companies to look to other options for funding. So, how can you get ahead of the curve while interest rates are still low and incentive opportunities high?
Assess what you have to leverage
A clear picture of your assets will allow you to leverage them in a number of ways, from negotiating your lease terms to repositioning your real estate strategies. Even if you think that you are stuck on one track or in one direction because of the terms already established, there is always room for negotiation, particularly in today’s commercial real estate market.
Search for opportunities you did not know existed
Once assets are identified, we will help you evaluate which opportunities are available and which decision will be most strategic for your organization. This may consider the following real estate alignment strategies for your business:
This study can also help root out unknown opportunities, such as owning versus leasing. We recently developed a strategy to help a company consolidate three locations with long-term leases into one location with a lease at a manageable market rate.
Structure your lease to protect your business.
Historically landlords have done due diligence and financial checks on prospective tenants. Now the tables are turned. Tenants need to investigate how financially sound their building is. Tenants need to structure a lease to protect their rights in the event a landlord or the landlord’s lender defaults. It would be challenging to a business to have contractors, janitorial firms, and other professional services companies calling on tenants to pay for services owed by the landlord.
Adjust your game plan
Using all the information available to you, we will work with you to pursue an approach that aligns with your overall business strategy. Since some companies are experiencing an uptick in the market, exploring opportunities that will allow you to increase your market share may be a viable option; on the other end of the spectrum, some companies are considering using feasibility studies to save money.
Act before it’s necessary
Above all, use the strategies and information you have gathered to act ahead of time in a strategic manner to take advantage of as many opportunities as possible. The earlier you enter the negotiations or begin outlining where you would like to take your real estate strategies, the more likely it will be a successful endeavor.
