CASE STUDY / DEAL REVIEW
Oxford Agents: Ryan Hartsell
We were able to help a client who needed to renovate their office layout while also considering a relocation. We negotiated an aggressive deal with an alternative landlord, which resulted in a lease renewal that was 30% lower than the landlord’s initial offer. In addition to rental discounts, we were able to negotiate 1 year of free rent, a convertible tenant improvement allowance and 6 months of prior rent forgiveness.
|Property Type:||Class A Office|
|Free Rent:||12 Months Free|
|Tenant Improvements:||$20 psf|
$10 psf of unused TI may be converted to free rent ($132,560 rent savings) and took back 3,500 sq ft 6 months early ($35,000 rent savings)Other Rights worth mentioning:
Landlord installed a brand new HVAC system for the tenant at the sole cost of the landlord