Improve your negotiating position and chances of finding your next commercial property
In an ever changing property market we take a look at three ways how companies and individuals can enhance their negotiating position and chances of sourcing/leasing a new Office, Retail or Industrial/Logistic property in the current market.
- A proactive coordinated approach with with your professional team notified in advance of your requirement including Legal, Chartered Surveyor and company Accountant. Your professional team will assist in establishing an accurate property requirement list with clear budget to cover rent, deposit and additional outgoings incl rates service charge and car parking where necessary.
- Allow a realistic timeline well in advance of the target lease commencement date. Lead in timelines vary depending on size and type of property. Currently it is much easier to secure Retail space when compared to Industrial/Logistic space which is under supplied and require much longer lead in times. It’s not unusual for larger companies to commence search lists 24 mths in advance, but for smaller space 6 to 12 months is more common. Shorter lead in times can sometimes restrict negotiating positions and options.
- Unrepresented companies can often find it more difficult to arrange inspections and navigate their way through the negotiation process so it’s important to engage the services of a professional Property Agent/Chartered Surveyor with experience in acquisitions, who can negotiate and advise on market rents and lease structures, together with any rent free or capital contributions that might be achievable depending on market sector. Most Real estate firms have tenant rep teams who can assist with your property requirements including JLL, Lisney, Knight Frank, Colliers, QRE, BNPRE Paribas, Harvey, HWBC, Kelly Walsh, MOL, McNally Handy, Agar, Murphy Mulhall, Finnegan Menton, Quinn Agnew, Turley and TWM.
For further information contact us on info@propertylocator.ie Tel 01 2891440
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