🚀 Mastering Commercial Real Estate: Top 5 Tips for Small Company CFOs

🏢 1 - Engage a Tenant-Only Broker 

A tenant-only broker exclusively represents tenants, eliminating potential conflicts of interest that may arise when a broker represents both tenants and landlords. An effective broker will serve its clients without the concern of a conflict of interest.

⏳ 2 - Shorter-Term Leases are Preferable 

While a longer lease may offer lower rent, the flexibility provided by a short-term lease is invaluable. A company's future office space needs are unpredictable, and a short-term lease provides the flexibility to adapt to changes in growth targets.

🏙️ 3 - Better to be a Smaller Tenant in a Larger Building 

Being a smaller tenant in a larger building offers flexibility. If a company outgrows its space, it may be able to take on additional space in the building. Conversely, if a company has too much space, another tenant in the building may be interested in subleasing a portion of the company's space.

🤝 4 - Rely on Your Broker – Part I 

Finding and relocating to a new office space is a time-consuming and disruptive process. An effective broker will ensure that the company is getting a good lease rate, an appropriate tenant improvement allowance, a reasonable security deposit requirement, along with operational flexibility, including the rights to expand and renew.

🛠️ 5 - Rely on Your Broker – Part II 

Post lease signing, numerous activities follow that require management time. An effective broker will have a list of service providers and assist the tenant in overseeing the activities that arise between lease signing and the move.

🎯 Partner with PHOREE Real Estate 

As the commercial real estate market continues to evolve, partnering with a trusted and experienced real estate broker is crucial. PHOREE Real Estate, with its American Management and experienced Wealth Management Team with 40 years of experience in the United States of America, is your ideal partner.

Our expertise spans across wealth management, real estate, and other asset classes, making us the No. 1 Broker in the region. We understand the market trends, we know the best investment opportunities, and we are committed to helping our clients achieve their investment goals.

In conclusion, mastering commercial real estate as a small company CFO can be a daunting task. However, with the right approach and the right partner, it can be a smooth and rewarding journey. So why wait? Partner with PHOREE Real Estate today and let us guide you to your dream property!