Tenant Representation
Your business location impacts more than just your company’s image. For most companies, real estate is the second-largest line item in an operating budget, and where you are located can have a massive impact on efficiency, productivity, corporate image, and employee morale. At NAI Prime Commercial, our tenant representation brokers specialize in helping businesses navigate complex space requirements, optimize lease terms, and maximize efficiency.
Our team understands the many intricate details in leases and sales contracts, as well as the sub-market factors affecting values and trends. We acknowledge that every client faces a unique combination of business and real estate challenges. Therefore, we make it our primary focus to understand the unique opportunities and challenges you face on a regular basis. With this knowledge, we are able to propose real estate solutions that are perfectly aligned with your broader business objectives.
The Value of Dedicated Tenant Representation
Our approach is deeply consultative. We work directly alongside you, building a relationship based on trust with a common goal of long-term success in mind, rather than just focusing on the next transaction.
A qualified tenant representation broker will typically save a company four to five times the cost of their fee, which is typically paid by the landlord. Skilled negotiation tactics, detailed market research, and deep knowledge of your specific market and its property owners allow us to handle your entire lease negotiation while you focus on running your day-to-day business operations. Through our global network affiliation, we are able to access available space throughout Evansville and the surrounding area, across the country, and around the world.
Comprehensive Tenant Services
As an occupant of leased space, ongoing changes in commercial real estate ranging from shifting tax implications and environmental issues to corporate mergers and acquisitions continue to influence space requirements and costs. These changes, combined with an unpredictable economy, contribute to the complexities and opportunities that exist for tenants making crucial footprint decisions.
Our specialized tenant representation professionals bring deep expertise across all core asset classes, including office, retail, industrial, multi-family, and land, as well as specialized logistics and medical facilities. We provide valuable information covering a wide range of custom tenant services, including:
- Tactical and strategic planning
- Demographic and location consulting
- Renewals, expansions, and relocations
- Survey and building selection
- Disposition of excess space and subleasing
- Space and financial analysis
- Research and market analysis
- Rental rate and tenant improvement negotiations
- Creative property solutions and specialized investment sales positioning
Our Tenant Representation Process Overview
For all of our tenants who are looking for new commercial space or reviewing their current lease situation, we walk you through a proven, step-by-step transition process:
- Criteria Review
- Property Tours/Site Selection
- Space Planning
- Finalize Term Sheets
- Financial Modeling
- Lease Negotiation
- Permit Process
- Tenant Improvements
- Landlord Notice & Transition
- Move-In