How to Save Rent Dollars on Commercial Leases July 2024

The 2024 Guide to Saving Money on Your Southern California Commercial Lease
The commercial real estate landscape is constantly evolving, and in 2024, securing a favorable lease is more important than ever. Landlords negotiate deals every day, while most businesses only lease space every few years. This puts tenants at a disadvantage.

Here’s how to level the playing field and save money on your commercial office lease:

Understanding Landlord Motivations
Landlords are profit-driven. Their goal is to maximize rental income and fill vacancies quickly, often with minimal concessions to tenants. This can leave you paying more than you should and with limited flexibility.

Partnering with a Tenant Rep: Your Secret Weapon
Don’t navigate negotiations alone. Tenant representatives like Mazirow Commercial are commercial real estate specialists who exclusively advocate for tenants. They possess the market knowledge and experience to:

Uncover Hidden Gems: Tenant reps identify deals that might not be readily available, giving you access to a wider range of options.
Negotiate Power: Their expertise strengthens your negotiating position, allowing you to secure more favorable terms on rent, CAM charges, and lease provisions.
Protect Your Interests: Tenant reps understand the fine print and ensure your lease protects your business needs, both now and in the future.
Future-Proofing: They can advise on space flexibility options like subletting or expansion clauses, crucial for dynamic businesses.

Free Representation: A Commercial Tenant’s Advantage
Many tenant representation services are completely free for tenants. Tenant reps are compensated by the landlord upon successful lease completion. This ensures their focus remains on securing the best deal for you.

Beware of Dual Agency
While some brokers represent both landlords and tenants (dual agency), this creates a conflict of interest. Avoid such arrangements and choose a tenant rep solely dedicated to your success.

Negotiating Power Beyond the Lease
Renewal options and lease extensions are crucial negotiation points. Tenant reps understand how to leverage these situations to secure favorable concessions that landlords might not offer upfront.

Knowledge is Power
Landlords are market experts. Don’t be disadvantaged. Partnering with a skilled tenant representative empowers you to make informed decisions and secure a lease that optimizes your company’s financial well-being.

Don’t Go It Alone: Secure Your Competitive Advantage with Mazirow Commercial
Mazirow Commercial is your ally in the commercial leasing game. With our expertise on your side, you can transform your lease negotiation from a David vs. Goliath battle into a strategic win for your business. Call us at (805) 449-1945 for a consultation!

Mazirow Commercial Represents Commercial Tenants and Buyers Throughout Southern California:
Agoura, Beverly Hills, Brentwood, Burbank, Calabasas, Camarillo, Encino, Glendale, Oxnard, Pasadena, Santa Barbara, Santa Monica, Sherman Oaks, Studio City, Tarzana, Thousand Oaks, Ventura, West Los Angeles, Westlake Village, Westwood, Woodland Hills