Richmond Leasing Information - Step 2:
Analyze the Market
During this analysis process, we will
review the market over the past 12 to 24 months, and then provide an
overview of present market conditions and a forecast for future conditions,
including:
- vacancy rates
- rental rates
- sale prices
- absorption rates
- demand levels
- negotiating environment
We will also identify and discuss the
impact of the stronger external influences on the real estate market,
such as:
- government policy/activity
- labour availability
- population growth
- tax issues
- economic forecasts
- interest rates
- land supply
Finally, we will try to identify in
what direction the market is heading and what opportunities are likely
to develop in the future.
Market Overview
This is a very general overview of current
market conditions. A more in-depth analysis of the market will be prepared
as we develop our Action Plan.
The Six Step Approach
Step 1: Analyze Requirements
Step 2: Analyze the Market
Step 3: Identify Opportunities
Step 4: Goals and Objectives
Step 5: Develop Strategy
Step 6: Execute Strategy
Key Issues in a Lease
A Tenant's Perspective
Non-Disturbance
Non-Disturbance and Memorandum of Lease
Tenant's Rights to Make Repairs
Assignment and Subletting
Abatement of Rent When Tenant Is Prevented from
Using Premises
Quality of Construction-Standard for Maintenance,
Repairs & Operations
Definition of Fair Market Rental Rate
Default by Tenant
Operating Costs, Taxes & Utilities
Tenant's Indemnification
Administration Fee
Looking to buy or lease office space in Richmond?
We will search to find you the best match of office space that suits
your needs whether buying a building or leasing office space. To begin
the process of finding the right office space for your Richmond business
visit our Richmond commercial real estate
and Richmond office leasing pages.