Empowering Tenants: The Invaluable Role of Tenant Representation in Commercial Real Estate
Small and midsize businesses drive our economy. As a business owner, you are focused on the growth of your business and always managing, among many, three key aspects of your business, no matter the industry: ⠀
Cash Flow
Whether we are referring to a company’s cash flow or a property’s cash flow, business owners have to make sure the numbers are making sense.
Company’s Cash Flow
Staying on top of a company’s financial statements and making sure all information is up-to-date is crucial in managing a company and tracking its growth. Having documents easily accessible and organized will save you time as a business owner, especially if you are working with a lender on financing.
A Property’s Cash Flow
The cash flow for a commercial property is calculated based on that property’s history. This is why it is of extreme importance that a seller provides property financials prior to the expiration of the due diligence period. This way, the buyer can gauge whether it is a transaction worth spending time on.
Improving Efficiency
Nobody likes to have their time wasted, especially if it is costing them money. As a business owner, your goal is to expand and grow exponentially. Improving efficiency is key to making sure you are not spending needless time on tasks that you could be delegating or streamlining into a simple process.
Not only will you save time when operating your business, but you will also reserve your energy. You can gear your attention towards bigger decisions that have to be made for the good of the company, instead of focusing on trivial tasks that you can pass on to others.
Continuing Expansion
As small and midsize businesses continue to grow, their operations may require more space. You need to be able to work with someone who can address the needs of your operation as it continues to scale upwards. Some small business owners might be unable to take on new levels of volume simply due to a lack of workspace. Getting a commercial space that is suitable and sizable for your operation can not only increase your business’s reporting income, but it can maximize your business model potential.
Footprint 📍 (Location)
The location of a property is arguably one of the most important deciding factors in determining where you choose to operate your business from. For some businesses foot traffic might not matter, but for others it is the only thing that matters.
As you work with an experienced commercial real estate professional, they will show you that one size does NOT fit all. The features that may attract some business owners to one commercial property might not do the same for others.
In today's economy, having a tenant representation partner that understands these financial and operational concerns will help you align the ultimate location to meet those demands.
Our consultants take the time to listen, learn, and provide critical thought-out options around the facts that drive you and your business. ⠀
My goal is to help you navigate the issues before, during, and after a lease negotiation and help you make the right decisions to secure the space that best supports your business goals.⠀⠀
You have a target and my team and I have the tools, expertise, and market knowledge to help you stay on target.
Schedule an appointment with me today!