As a business owner, you have a lot of responsibilities on your plate, the least of which being the minutiae of your office or industrial lease. This is where a tenant representation consultant can be highly beneficial - helping you navigate the lease renewal / expansion / relocation and negotiation process while advocating for you and your business. In a competitive marketplace like Denver, it’s even more important to have an experienced advocate working on behalf of your business. How do you find a qualified and skilled professional, though? Here’s the all-inclusive guide to finding a quality tenant representation specialist in Denver.
As a business owner, you have a lot of pressing things to worry about, not the least of which is your office or industrial lease. For most business owners, the never-ending to-do list means enlisting the help of an experienced tenant representative when the time comes to negotiate a lease. As a CCIM-designated commercial broker, Lowrey Burnett of Fountainhead Commercial, has worked with a wide variety of businesses and business owners throughout the leasing process to include attorneys, accountants, financial services, oil and gas, engineers, fitness, product distribution, product manufacturing, contractors, marketing, medical, etc. As a commercial tenant, there are certain responsibilities that fall to you. The Fountainhead Commercial team has put together this guide to help commercial tenants make the right choices throughout every stage of the leasing process.
The Denver business landscape is competitive. There’s no doubt about that. That means when it comes time to make decisions for your business that are outside of your area of expertise, you need to consult with an outsourced expert who can not only satisfy, but exceed your expectations. The commercial real estate you own or lease is no exception. We know that, as a business owner, you’re busy managing day-to-day operations and don’t have time to be well-versed in the process of selecting tenant representation services. So, we’ve put together a comprehensive guide that will help you ask the right questions of any Denver tenant rep you’re considering so you can make an educated decision.
Colorado is widely recognized as one of the best states to do business in. For many years running now, the Centennial State has ranked in the top 10 of Forbes’ annual analysis of business costs, labor supply, regulatory environment, economic climate, growth prospects, quality of life, and population. One essential point of clarification for Colorado as an ideal state to do business in is that the state ranks in the top three for labor supply and economic climate, while 80 percent of other states beat out Colorado in the analysis of the cost of doing business. What does this mean for small business owners in Colorado? The cost of doing business is particularly high in the Denver Metro area which leads many a business owner to consider moving outside of the city limits so they can thrive with lower overhead costs.
If you’re a business owner in Denver, you know better than most how high the stakes are for any organization trying to succeed in the 2019 business world. The number of businesses filing with the Secretary of State in Colorado continues to grow year-over-year, with a record total of nearly 121,000 new filings in the 12-month period that ended Q1 of 2018. Since that point, the growth has slowed a bit, but the Denver market continues to surpass other major cities across the country. This means that the success of a small business requires every element of the operation to be at the top of its fame. Even the smallest weakness gives of the 750,000 businesses in Colorado the opportunity to encroach on your territory.
Like all complicated matters, you need countless hours of experience to be a phenom or expert. Commercial real estate lease transactions are no different. I occasionally speak with a tenant or occupier that feels prepared to handle their own commercial real estate transaction. In many cases, this decision maker doesn’t know what they don’t know as they consider forging into the uncharted territory of commercial real estate. Because commercial lease rental payments accounts for 1 of the top 3 expenses most companies face, an uninformed decision can be costly. To prevent wasted time and energy trying to handle a commercial real estate lease transaction without the guidance or support of an expert, you may want to consider what’s at stake prior to moving forward without a tenant broker. When you’re talking about one of your top expenses for your business, it just makes sense to have a experienced tenant broker on your side of the table. Let’s talk about the benefits you can leverage when you have an expert as your advocate.
