A brokerage that understands
During these uncertain times, having a real estate company on your side can be crucial. Especially if you’re a small business that is leasing Atlanta Commercial Real Estate. Furthermore not paying your rent can make your business more vulnerable. The times today are very uncertain. However The Office Advisors are your Atlanta Commercial Real Estate experts. We understand what it’s like to be a small business. That is good times not only do we work with them daily, but we are one as well. Visit our website to learn more about how we can help you. Or call today.
Now we’ve seen many changes since the beginning of this year. The Year 2020 has definitely been on one for the story books. With every day bring a new uncertainty and challenges it is important to take care of your business. When it comes to Atlanta Commercial Real Estate it means understanding your agreements. Whether you own and operate a building, or at least in your space. The real estate aspect of your business is one of the most expensive costs to you. So before you do anything make sure you have a representative on your side. That understands not only the market, but is planning for the future.
Moreover The Office Advisors are constantly reading data. We take what we have learned as well. The Brokers are becoming Atlanta Commercial Real Estate efficiency experts. They also know not only the major markets but the submarkets as well. Each asset class stands on its own however seeing how they work is important. The separate industries that rely on each other when it comes to Atlanta Commercial Real Estate are Bass. Some businesses that are strictly industrial of course rely on their counterparts in office.The medical community is not immune from this either. When there is a lack of patience coming to the office there’s no income. The need for large medical office buildings are no longer economically feasible. A recent article from bisnow reports Atlanta’s sublease square footage has increased around 800,000 in 2020.
Is Subletting an option?
Now the hardest-hit industry seems to be retard the moment. However Office Buildings and normal day-to-day workers are impacted as well. The need for the large office seems to have dwindled. However there are still large square footage being taken and converted to more social distancing friendly. If you were a small business that is now at the mercy of the pandemic think about subletting. Having a portion or all of your rent paid by another tenant sounds like a great idea.
However this might not always be an option. The landlord might not allow you or will have certain predators. In many cases the will or will not allow you to make a profit off of your sublease.
How to find out
The quickest and easiest way to find out if you’re able to sublet your Atlanta Commercial Real Estate is check out your lease. There should be a clause addressing this matter. However many times the landlord is willing to work with you on this. The majority of the time it’ll say that subletting is not allowed. Especially without the landlord’s written consent.
Furthermore do not try to get into a lease negotiation with the landlord alone. Contacted The Office Advisors first. We are your Atlanta Commercial Real Estate lease experts. We will take the time to go through the lease and contact of the landlord on your behalf. Making sure that you get the best deal possible. The Office Advisors will work with you as the landlord in order to achieve a deal that works for everybody. Also we can help find a tenant for you. The best part about working with The Office Advisors is we are Atlanta Commercial Real Estate experts.
Other Lease Tactics
Now your landlord will not always allow you to sublet your space. However there are still some other strategies you can use. Trying to renegotiate your lease in order to receive a break and price on your rent. Right now we are seeing a lot of lease negotiations. However you are not going to get Scott free off your rent. The price has been re amortized after the pandemic. The landlord and the business owners are hoping that things will return to somewhat normal towards the end of this year.
Now the new lease negotiations that you have set forth can be a litany of terms. Trying to get the best deal alone can be confusing. However we suggest having representation even if you do not choose to work with us. The landlord is out to get the best deal for him and understands what he is doing. furthermore many times they have representation. It’s a landlord has a broker representing his interest doesn’t it sound like you should have someone representing years. When you work with The Office Advisors in tenant representation you will find that we are Atlanta commercial real estate experts.
Trying to negotiate a lease contract on your own is no fun. Have representation and take the burden off yourself. The opposite visors are your number one brokers in all things Atlanta Commercial Real Estate. However we always suggest having a real estate attorney take a look at the lease as well. It is a legal document that is binding. Even though we spend countless hours through leases we are not legal professionals. This is why we always suggest having an attorney look it over before you sign. Visit our website to learn more about The Office Advisors and how we can help. The Atlanta Commercial Real Estate efficiency experts.404-594-3028
The Office Advisors is the commercial division of Select Realty of Georgia. 404-594-3028