Marketing & Lease Negotiation
Maximizing an Owner’s asset’s value requires marketing expertise and skilled lease negotiation. Powers has been involved in marketing and leasing commercial office space for over twenty-three years. Understanding the available, competitive supply and demand dynamics, absorption rates and net effective rental rates requires a keen understanding of market forces. Evaluating an asset’s position in the marketplace and knowing how to position the asset so as maximize value requires market knowledge and experience. Value can only be obtained when one clearly understands the supply and demand trends in the market, can accurately forecast new construction and supply and can leverage the combined information during the lease negotiation process. Collectively, the marketing and leasing process directly impacts both short and long-term property values. Experience has taught us that executing a strategic marketing and leasing strategy pays dividends for our clients.
Over the years Powers has represented both tenants and landlords in countless lease negotiations. We have been on all sides of the lease transaction as a tenant and tenant representative, as an owner and an owner’s representative. We know how to evaluate the complexities of the real estate market, we know how to complete financial lease analysis and we know how to effectively negotiate a lease transaction. Whether the transaction requires the understanding of leasing concessions, or negotiating a competitive tenant construction work letter, Powers knows how to create value for its clients and knows how to negotiate a favorable lease agreement for both sides of a transaction.
Powers helps ensure our client’s success through a range of marketing and leasing services, including:
- Preparing market studies and space availability surveys
- Defining space needs and user group adjacentcy
- Compiling personnel, furniture and business equipment inventory’s
- Defining user groups space needs and future expansion requirements
- Defining and negotiating lease agreements including lease terms and renewal options, rental rates and tenant improvement construction work-letters
- Evaluating tenant credit ratings and negotiating acceptable security instruments and credit enhancements
- Coordinating and supervising space planning, design and construction management
- Overseeing tenant improvement construction and final punch list completion
- Supervising and coordinating tenant move-in, requisition and final payment
|