A little bit of help can go a long way

Saving You Time and Money Commercial real estate Endorsed Local Providers like Bob Gibbons from Plano, Texas are available to help you find and negotiate the best location for your business.

Successful business owners are well known for their no-nonsense, get-it-done attitude. Its great for building and growing a business, but it can become a hurdle when it comes to negotiating contracts for business space. Their tendency to make decisions now and ask questions later sometimes leads to costly mistakes they could avoid by consulting a professional commercial real estate broker.

Too Much To Handle

For example, Bob Gibbons, commercial real estate broker in Plano, TX, worked with two attorneys who wanted to expand their office to accommodate a new attorney and a paralegal. But there were several problems with the arrangement. First, the new attorney and paralegal had not committed to join the firm yet. Second, the space they were considering was twice the size they needed and would double their rent. They planned to sublet the extra space, but they hadnt gotten the landlord to sign off on their plan.

A friend recommended these attorneys consult Bob before they signed the leaseand it made a huge difference. Bob advised the attorneys:

• Wait on the expansion until the new employees commit to joining the firm.
• Dont lease more space than you need ; check with the landlord to see if another, more suitable space is available.

• Extend the lease for another 24 years to lock in the current low rates.

The lawyers took Bobs advice. In the end, they added the two employees, had the landlord build out an appropriate-sized space on another floor, and instead of doubling their rent, theyll keep their rate (a 10% discount) for another five years.

Find The Right Fit

Owners of another business consulted Bob as they were renewing their lease. They were working on an agreement with the landlord to renew the lease while giving back 20% of their workspace. While the owners had done a good job negotiating the renewal, Bob knew they could reduce their spaceand renteven more.

After touring five other spaces of the right size, the owners were convinced it would work. With Bobs help, they negotiated a new deal with the landlord to take over a smaller space in the same buildingsaving 15% over the life of their lease.

A Pro Can Help You Too

Bob is one of Daves commercial real estate Endorsed Local Providers (ELPs). You can find a commercial real estate broker Dave recommends in your area too. You can trust your ELP to save you time and money whether youre looking to buy or rent space for your business. Contact your ELP today.