CASE STUDY / DEAL REVIEW
Oxford Agents: Perry Mazzone
Summary:
We recently helped a nonprofit with an urgent need to cut costs. We were able to quickly negotiate a 20% rental rate reduction from what they were currently paying, while finding a more efficient office layout, resulting in a 35% overall rent reduction. Also, the building we found provided free temporary space and includes 24/7 air conditioning, which resulted in additional savings for our client.
| Property Type: | Class B Office |
| Tenant Industry: | Nonprofit |
| Size: | 1,628 SF |
| Submarket: | Upper Kirby |
| Transaction Type: | Relocation |
| Free Rent: | 3 Months |
| Tenant Improvements: | Turnkey |
| Negotiated Discount (%): | 35% |
| Parking: | Free |
| Other deal points worth mentioning: | Free temporary space and 24/7 HVAC at no additional cost |
| Renewal Option: | Yes |
| Sublease Rights: | Yes |
Perry Mazzone
(713) 401-8896
pmazzone@oxfordcres.com