Need more office space? You need Tenant Representation!
When your business is growing and you need more office space – the hunt for a new premises can feel overwhelming. How much space do I need? Where should I locate? How do I start? Is this rent good value? What about fit-out costs, etc etc. There is a lot to take in! This is where a Tenant Representation (or “Tenant Rep” as it is known in the industry) can help.
What is Tenant Representation?
“Tenant Rep” is a specialised service offered by commercial real estate advisors who act exclusively on behalf of occupiers (Tenants) – not Landlords. The role of a Tenant Rep broker is to guide you through every stage of securing office space, ensuring that your business objectives, budget, and people culture are to the fore. They protect your interests and make the entire process smoother, smarter, and more cost-effective
Why Do You Need It?
Relocating or expanding your office isn’t just about finding a space that looks good, it’s about making a strategic decision that impacts your people and your business growth. Here’s why engaging a Tenant Rep is essential:
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Experience & Market Knowledge
Experienced Tenant Rep brokers understand the Office Market in which they work. They know current rental rates, the various incentives available, off market opportunities and more importantly, can navigate through property options efficiently so you don’t waste time.
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Save you Money
Lease negotiations can be complex. A Tenant Rep broker will secure the best available terms and incentives on offer. Their experience can save you significant money over the life of your lease.
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Save you Time
From initial search to legal completion, an office transaction can take on average 6 months. An experienced Tenant Rep broker manages the entire process for you. From shortlisting properties, arranging viewings, agreeing terms, liaising with solicitors, landlords, fit-out providers etc. They take the hassle away, so you can focus on running your business.
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One-Stop Shop
Beyond finding space, Tenant Rep brokers can provide recommendations for trusted service providers for legal, fit-out, IT infrastructure, and more. This integrated approach simplifies your move and reduces stress.
How can Murphy Mulhall help?
Tenant Representation is one of our core service lines. James Mulhall has been helping companies with their office moves for 27 years so he knows how to get the best results. At Murphy Mulhall, our fees are agreed in advance and are competitive for the experience and level of service we provide.
Would like to know more about Tenant Representation?
Contact Murphy Mulhall today at +353 1 6340300 or check out www.murphymulhall.ie.
Managing Director
