The Workplace World: Why Using a Tenant Rep Is Beneficial for Occupiers

The Workplace World: Why Using a Tenant Rep Is Beneficial for Occupiers

Alan
Account Manager
Published: September 2, 2024

Navigating the commercial real estate market can be a daunting task. As a business, you’ve got countless priorities, and securing the right office space should enhance your operations, not add to your challenges. That’s where having a dedicated Tenant Representative comes into play. At Soul Spaces, our role isn’t just about finding a space; it’s about securing the right space for your business’s unique needs.

We Work for You, Not the Landlord

One of the most important things to understand is that we work exclusively for you. Our sole focus is on your business and what will best serve your goals. We aren’t here to balance the interests of multiple parties or make compromises on your behalf. Our job is to ensure that you get the best possible deal that aligns with your business objectives.

Market Knowledge at Your Service

You know your business inside out, and we know the commercial real estate market inside out. We stay on top of market trends, emerging opportunities, and the nuances that could impact your decision-making process.

Take the case of one of our recent clients who was focused on finding office space in Shoreditch. They initially had their eye on a brand-new workspace that seemed perfect on the surface. However, our deep dive into the market revealed a refurbished space nearby that offered 2,000 additional square feet for the same budget. This option wasn’t on their radar, but it ended up being the perfect fit for their expanding team.

Saving You Time and Hassle

Time is one of your most valuable resources, and the process of finding and securing office space can be time-consuming and stressful. That’s where we step in, managing every aspect of the search and negotiation process so you can stay focused on what you do best.

We recently worked with a company in the middle of a major product launch. They needed new office space but didn’t have the bandwidth to handle the search themselves. By understanding their requirements and narrowing down the options, we presented a curated shortlist that met all their needs. They were able to make a decision quickly, without getting bogged down in the process.

Negotiation Is Where We Shine

There’s always more on the table than meets the eye, and that’s where our expertise comes into play. We’re not just looking at the base rent—we’re considering the full scope of the deal. From securing rent-free periods to negotiating fit out contributions, we make sure you’re getting the best possible terms.

In a recent office search project for Royd Tools, we negotiated a 12-month rent-free period for them moving into a space that required significant fit out work. On top of that, we secured an additional contribution from the landlord to cover 15% of the fit out costs. These are the kinds of outcomes that come from having a seasoned negotiator in your corner.

Minimising Your Risk

Commercial leases can be complex, with potential pitfalls hidden in the fine print. Our job is to identify and mitigate these risks before they become issues. Whether it’s flagging hidden maintenance fees or negotiating out restrictive clauses, we make sure you’re fully informed and protected.

Choosing the right office space isn’t just a logistical decision; it’s a strategic move that can impact your business’s growth, culture, and long-term success. At Soul Spaces, we’re here to ensure that your next move is the right one, not just for today but for the future.

If you’re considering an office move, expansion, or just want to explore your options, let’s have a conversation. Together, we’ll make sure your next space is more than just an address—it’s a home where your team truly belongs.

Alan
Account Manager

Alan manages our accounts and business development, bringing over four years of experience in the office space industry. His deep expertise in commercial real estate and keen understanding of market trends and forecasting enables us to guide clients through their office search with precision and confidence.

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