Tuesday, February 10, 2009

Posted by: Dominic Brunetti
Vice President Office Properties
775 336 4674

During his career, Dominic has worked with clients such as: Centex Homes, CTX Mortgage, Landmark Homes, 1st Premiere Mortgage, AG Edwards, Alere Medical, CHSI Nevada, The CFO Group, Ameriwest Financial, North American Title, Andregg Geomatics, Manhard Consulting, HDR Engineering, State Farm, Gizmo Wireless, The Corner Doc, First American Title Company, Stewart Title Company, GI Consultants, The Hilton Foundation, Hartford, PC Doctor and more.

As a Tenant, are you worried about being offensive in asking for lease rate reductions, tenant improvement allowances or other concessions? An interesting dichotomy has arisen amongst the Tenant – Landlord relationship within the Northern Nevada office market. No, I am not speaking about the lease rate bid-ask spread dilemma. Although it may stem from this topic, the differing opinions of spiraling lease rates is a statistical conversation we can save for another time. I’m talking about the emotional fortitude it takes as a Tenant to address a current or potential Landlord with an offer that reflects the current state of the office market; economic terms reflective of a decade ago. As commercial real estate leasing specialists, we focus on preserving the Tenant – Landlord relationship while providing market knowledge based on factual data. Have you recently or are you planning on confronting a landlord, yet unsure about what strategy to employ? We want to hear your concerns and your ideas.

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