Market Rate Audits
Many corporations do a great job negotiating leases and locking in the best available rental rates - and then forget about them until the next time that the lease comes due.
Often, there is significant savings potential locked inside of these leases that can be realized if the leases are renegotiated and brought to current terms.
The recent collapse of the financial markets has greatly impacted commercial rents, providing attractive lower rates for office and industrial tenants. What many companies fail to realize is that these leases can often be "refinanced" though restructuring and brought to the current lower rates.
ATR provides Market Rate Audits to determine the unlocked savings potential.
ATR will analyze:
- Scheduled Rents
- Market Rates
- Market Concessions
- Landlord Profile
- Landlord Financial Status
- Space Absorption and Construction Trends
- Landlord Compliance with Lease Terms
- Options to Terminate, Expand, or Renew
- Project Vacancy and Offered Rates
- Adjacent Tenants Profile/Status
Our first action is to review all criteria to quantify the savings potential and rate the probability of capturing those dollars. To view a sample analysis, please see the Market Opportunity Projection.
Next, we'll meet with you and your staff to determine the corporate objectives for each location and consider opportunities to upsize or downsize and the future anticipated requirements for each site. Based on these findings we'll prepare a Market Strategy Report and confirm with you the best action for each location. If the timing or situation is not right for a renegotiation of a particular lease, we will tell you so.
With your approval, we'll then meet or talk with each landlord to determine the flexibility and willingness to restructure the lease for immediate benefit to your firm. We'll follow through to assure all documentation is completed to your satisfaction.
ATR provides all of the above services on a complete contingent fee basis. Typically we are compensated by sharing in the fee payable by the landlord to their own broker for lease extensions beyond the present term. In cases where a lease extension does not occur, or a significant reduction in space occurs, we can arrange to be paid as a percentage of negotiated savings at your descretion.
No risk and the potential for a significant reward. What are you waiting for? Call us today.