Tenant Representation
A tenant representative or "Tenant Rep" broker represents only the interest of the tenant in a lease transaction. At Matrix Realty Group our Tenant Rep services include:
Analyzing and understanding Tenant’s requirements (size, layout, timing, etc.)
Analyzing and understanding Tenant’s line of business and rental budget
Survey the market to find all available properties that meet Tenant’s requirements
Arrange and coordinate client tours
Serve as a buffer between Tenant and the Landlord
Create a bidding war among several landlords for your business
Prepare RFP’s (request for proposals)
Prepare LOI’s (letter of intent)
Analyze proposal responses (counter offers)
Prepare a complete financial analysis for Tenant
Coordinate space planning (making sure the layout works)
Negotiate Price, Rate and Terms and negotiate for market concessions
In many cases market concessions include free rent, TI allowances and moving allowances
Help coordinate lease drafts and final lease documents
Generally assist in any other issues and answer all questions so that the Tenant can make an educated and informed leasing decision
When it comes to negotiating for office, warehouse or retail space, having an experienced Tenant Rep on your side will not only save you time and money, but will also make sure you get a fair market deal and that you are not taken advantage of and that you don’t make any critical mistakes that could cost you down the road.
We have experience in all of the major markets, such as:
Chicago (Downtown) Oak Brook area Bolingbrook
Naperville Burr Ridge Plainfield
Tinley Park Homewood Chicago
Arlington Heights Schamburg Hillside
East / West Corridor West Suburbs North Suburbs
South Suburbs
Contact Matrix Realty Group at 708-799-3600 for more information.