Whether a company is looking to lease office space, purchase a building or office condominium, or weigh each option, Community First Commercial Real Estate relies on real time market information and experience to help clients make informed, objective corporate real estate decisions. 

The first step in finding the right office space solution is to determine the correct course of action through creating an action plan.  Community First Commercial Real Estate acts as a consultant to help its clients outline clear real estate objectives which serve as a blueprint for the lease or purchase transaction.  The first step includes:

• Determining corporate office space criteria
• Uncovering short and long-term business objectives relative to occupancy strategy
• Providing a comprehensive summary of available properties
• Comparing properties, weighing qualitative and quantitative criteria
• Measuring estimated occupancy costs of each candidate property
• Creating customized proposals/ RFPs for short-listed properties

After proposals/ RFPs are responded to by each Landlord, the next phase of the transaction process is to drill-down into the economic factors of the candidate properties.  This step includes:

• Designing a space plan based on clients space utilization/ ideal layout
• Determining cost estimates for construction
• Reviewing each candidate property to assure corporate/ ADA compliance and zoning
• Analyzing cash flows/ determining budgets for each space
• Creating an apples-to-apples cost comparison based on effective rent, annual cash flows, and net present value
• Reviewing non-financial terms such as expansion rights, sublease and assignment rights, termination options, etc.

The Negotiation Process

Community First Commercial Real Estate negotiates aggressively on behalf of its clients, ensuring satisfaction with the process, as well as the terms of the transaction.  The final phase of the transaction process incorporates:

• Managing each step of the negotiation process, from initial proposals/ RFPs to a signed lease or purchase agreement
• Providing a matrix of specific deal terms as they evolve through negotiations
• Preparing lease or purchase contract comments to ensure full understanding of the transaction, and better the terms and conditions of the transaction for the Tenant/ Buyer
• Creating an abstract of the lease or purchase document with key terms and conditions and important dates for future reference