As the office market continues to evolve, your landlord is the deciding factor for maximizing the value of your workplace experience. Here’s how to be sure you’re selecting the right partner for your business.
Are debt obligations being met?
Buildings with high vacancy rates are a potential concern since there’s a greater risk of loan default. The buildings may be sold, converted to another use or left to become “zombie buildings” that are not maintained.
Can promised tenant improvements be funded?
Lender constraints prohibit some landlords from funding tenant improvements if they are not meeting their loan covenants. Consider the landlord’s financial strength and debt obligations before signing a lease.
How long do you own your buildings?
In addition to a landlord’s credit rating, consider their approach to ownership. Are they known for a long-term commitment to their buildings and continual improvement, or are they planning to sell soon and therefore not investing in the building? This ownership perspective matters.
How will you meet my needs today and offer flexibility for tomorrow?
A landlord should be more than a workplace provider– they should be a partner in your business success. Depending on your needs, this could include flexible lease options, having an expansive portfolio that can accommodate evolving needs, and offering the right amenities that motivate teams to come together in the office.
Irvine Company’s unmatched capital resources ensure we uphold our standards of excellence, regardless of market conditions. Our customers lease with confidence, knowing that ongoing enhancements mean their workplace experience will get even better over the life of their lease.
Put our financial strength to work for your business.
