What We Do
Help Businesses Make Money and Save Money with Their Real Estate/Location Decision.
Conflict Free Representation.
Think of Us as a Substitute, or Addition to an, In House Real Estate Department.
PGCRE, Inc. is a full service commercial real estate firm that works for you, the tenant only.
We provide the following services that highlight the distinct advantages a tenant representative can offer to you, the occupant, or owner/User of commercial real estate:
• Research and Investment Analysis: we work in conjunction with your professional team (architect, space planner, attorney, accountant and key executives) to determine the best size, location, configuration of space, and aim for the best terms. Knowing what is available now and what could be available in the future helps us to turn your space into a strategic asset. Our representation can prevent you from leasing too much space, something of no concern to the landlord who has less incentive to help you economize.
• Benchmarking: after evaluating your space requirements, based upon our experience we may suggest a choice that is not obvious but will meet your needs and result in a solution that saves you money.
• Consulting: often consulting services are provided on a fee basis such as assistance with Due Diligence when Acquiring an Office or Industrial Building. Or, when a company is involved in a Merger or Acquisition of another business, there are underlying real estate assets that are either leased or owned. What is a realistic value or strategy? Even though the real estate asset portion maybe a small part of the over all Business Value, it is important to understand the advantages and disadvantages of the real estate piece of the business.
• Conflict Free Tenant/Buyer Representation: We strive to maintain real competition for your business resulting in advantageous concessions and incentives. In addition, we can act as the “Buffer” so your relationship with the landlord remains cordial.
• Lease Administration and Evaluation: We pride ourselves in protecting you during lease negotiations achieving business terms for a lease which are fair and reasonable. Identifying business points such as finding hidden costs, winning concessions regarding building maintenance, question and qualify pre-existing conditions, minimize and contain Annual pass throughs of operating and tax increases, and addressing other business points of leasing a commercial property to minimize potential disputes over the life of the lease. Leverage our Commercial Real Estate experience to your advantage.
• Knowledge Base: Tenant representatives are familiar with prevailing economic allowances. As an example, if you agree to a $15.00per square foot improvement allowance and the present prevailing market rate is $20.00 p. square foot, on a 100,000 square foot office lease you could be leaving $500,000.00 on the table. In some cases We know which landlords are facing current, or future, declines in occupancy, and which ones are making the biggest concessions to win quality companies as tenants.
The Cost of Tenant Representation for the Tenant? Often/usually the commissions for Tenant Representation typically comes from a share of the leasing, or brokerage, fee that the landlord pays and budgets for each year. A good tenant rep should be able to save you time and money on the transaction even in cases of a lease renewal.