Corporate Office Space « PG Commercial Real Estate – Commercial Realtor Montgomery County, PA and Greater Philadelphia Region

Tenant Representation or Personal Shopper?

Posted by Peggy Gallagher on August 30, 2013

Tenant Representation is like being a personal shopper for a very large and complicated purchase; an industry term is Transaction Manager for the Tenant. The women of C.R.E.W., Commercial Real Estate Women, might agree this is one reason women make great commercial real estate brokers. Women know what they want, how to find it and are excellent negotiators.

Peggy Gallagher, owner of PG Commercial Real Estate and a woman real estate professional weighs in on the benefits of Tenant Representation and the value it has to a Business.

What makes an office space purchase, or lease, a complicated purchase? For starters the multiple layers from identifying the properties, to financing, to space layout, to taxes and orchestrating the move itself.

Knowledge of the language in contracts and the business terms associated with it
Distinguishing factors and expectations of different property classes: A, B etc
Setting expectations and help to compare industry standard in a purchase or lease, which can assist with the negotiation process
Access to information on available property and market information
Value & Cost Comparisons Breakdown of actual cost per square foot to compare Buildings
Assist you in building your Real Estate Team with key players
Compare and contrast similar properties

If you are approaching a lease renewal, or looking to move office space, and in need of a personal real estate shopper, contact Peggy for how to get started!

Tags: corporate office space, CRE, philadelphia commercial real estate, tenant representation

Posted in: Corporate Office Space

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Considering Office Space in Montgomery County?

Posted by Peggy Gallagher on August 23, 2013

Is your business considering new office space in Montgomery County, PA? If you have not does so already there are a few things you can do before you start hunting for properties. First things first.

Assess and summarize your current use of office space.

Here are a few topics and ideas you may want to consider when choosing to look for new office space. This will help guide you to what you might need or want to look for that you may not have already considered.

CURRENT SPACE USE

Start with a basic list of PROS and CONS of your current office space. What do you like? What do you not like? How is the office layout? Where are the problem areas? Is the office layout conducive to the work environment and individual or team dynamics?

COMPANY GROWTH

Do you plan to expand or downsize your staffing needs over the next 5 to 10 years? Although hard to predict a business usually knows based on sales projections and a working business plan when more staff, or production space will be needed. This should be a strong consideration in finding new space to be sure that you can grow into it, or have the option to add more space, if or when needed.

LOCATION

Employees, Customers & Prospective Employees. Will your move affect your current employees commute? Will a move to another town improve visibility to prospective employees?