Lease-Up Strategies
Streamlining the approval process for transactions is key to keeping buildings well occupied and securing new tenants. We have learned first hand that finding ways to promptly react to tenant requirements is a competitive advantage over other properties. We recommend consideration of the following ideas:

  • Pre-approved transaction terms for proposals
  • Short form lease for smaller lease deals or terms under 2 years
  • Utilize lease abstract form for transaction approval process
  • Owner’s commitment to review/approve lease proposal within 2 days
  • Utilize one architect for all projects
  • Architects have 48 hours to turn around space plan
  • Quick turn around on improvement pricing for prospect proposals
  • Address upcoming expirations of existing tenants
  • Create and implement a broker mailing campaign to reinforce the space availability
  • Focus marketing efforts on the competitive properties within the submarket and neighboring areas