Tenant Brokerage Services

DETERMINATION OF SPACE REQUIREMENTS
Through an in-depth discussion with you or your space committee, we will assist you in determining your office space needs, both long and short term. A thorough understanding of your budget, expansion needs, departmental relationships and distribution networks will ensure that the approach to your requirement is precise.

A SURVEY OF SPACE AVAILABILITY/MARKET ANALYSIS
After your needs have been determined, Fidelity will develop a comprehensive survey that responds to the parameters set by your firm (i.e. budgetary, geographic, image/amenities, building age, etc.). The survey will cover all pertinent information regarding each specific property including, but not limited to:

Space Available
Fire/Life Safety Systems
Building Size
Rental Rate
Occupancy Rate
HVAC
Improvement by Landlord
Ceiling Height
Escalations/Passthroughs/Taxes
Parking

A final survey will include an examination of each property and items such as floor load, core factor, interior to windowed ratios and fire/life safety systems. This detailed information will determine whether the building can adequately and efficiently serve your special requirements such as additional heating or air conditioning for people intensive areas.

BUILDING TOUR

After reviewing the survey, we will tour the buildings that you have selected as viable options. We will then organize an itinerary that requires thirty minutes to review each property.

REQUEST FOR PROPOSALS

After two or three properties have been selected, we will solicit proposals from these finalists. Fidelity will ensure that the key business terms and conditions are addressed in each proposal so that a comparative analysis can be performed.

COMPARATIVE/FINANCIAL ANALYSIS

With the proposals in hand, we will extract the key economic factors and produce a thorough financial analysis. The analysis will cover rental rates, escalations, rental abatement, parking charges, HVAC charges and construction concessions among other things. Our financial analysis will provide enlightening information revealing certain buildings that may "load up" concessions on the front end of a deal while escalating the rent much faster in later years. Proper attention to financial analysis will help you identify and anticipate future expenses.

SPACE PLANNING

Once proposals have been solicited, we will contact the Landlord about their financial contributions to the planning process. Landlords are amenable to provide this preliminary service in order to attract a prospective tenant. Fidelity Brokers are extremely knowledgeable of the space planning process, and will assist the space planner during both the planning phase and the budgeting process. It is critical that the design of any expansion areas be consistent with your future needs and sensitive to the needs of a potential subtenant. Our space planning expertise will save you both time and money.

NEGOTIATIONS

As your exclusive broker, our commitment is to you. Our most important job is to look out for your interests and negotiate the most favorable terms for your firm. Even more important than the time and aggravation we spare you is the money we will save you. Negotiating is our strength and the backbone of our success.

The Fidelity Broker that represents you has had Landlord Management experience that provides valuable insight into the positions that Landlords and Asset Managers negotiate from.

Negotiation is at the heart of the real estate transaction, and Fidelity Brokers are aggressive, responsive, and experienced.

LEASING REVIEW

Once the business terms have been negotiated and agreed to, the Landlord will prepare the Lease documents. While we are not legal experts, we are well versed on all areas of the lease agreement. We will assist your legal counsel to insure that the lease language is not vague or slanted toward the Landlord's interests. Typical areas of review include:

Subleasing and Assignment Rights
Rental Adjustment/Escalations/Taxes
Definition of Fair Market Value
Workletter
Quiet Enjoyment
Indemnification
Personal Liability
Default Provisions
Building Services/Hours of Operation
Non-Disturbance
Rent Acceleration

CONSTRUCTION SUPERVISION

Our role as your exclusive broker extends beyond the signing of the lease documents and continues into all phases of the construction of your new space. With extensive construction experience Fidelity will stay involved with the construction bidding process and construction timetables and work with you right through to the final walk through and punch list items.

SUBLEASE OF EXISTING SPACE AND/OR EXPANSION SPACE

Should the overall economics of the new lease deem it advantageous for your firm to master lease future expansion space, we are prepared to act as your exclusive agent in the subleasing of the excess office space.

CONTINUED INVOLVEMENT
Fidelity will remain in contact with you after the lease is executed. We will answer any questions that may arise pertaining to expansion options, rental escalations, occupancy dates and/or sublease provisions. Our role as your exclusive agent goes beyond the signing of the lease.