CEE Tenant Advisors – First independent tenant representation network in CEE (press release)

The Coronavirus epidemic is undoubtedly a real hard cost for businesses. The uncertainty surrounding this crisis is prompting companies to find sources of savings to reduce their costs.

Rent and office management are the second largest expense item for companies after salaries. It is therefore relevant to ask the question of how to reduce the cost of your premises as much as possible and/or match the current needs of space with the current working constraints.

CEE Tenant Advisors is a team of Commercial Real Estate professionals who have knowledge and expertise all over Central and Eastern Europe - each advisor having many years of experience in property advisory in his home country.

They like to think of themselves as a small but perfectly formed group of specialists who have tenants' interest at best, working to understand, qualify and define together with tenants their future space needs.

The company deals with three important pillars in the office leasing process:

· Lease Renegotiation

· Office Relocation

· Interior Design

Lease Renegotiation

“Good renegotiation can be more difficult than relocation. Renegotiating a lease is not only a matter of financial conditions, but very often also the re-establishment of the contract. Tenants should be mindful of contractual obligations that have direct impact on occupation costs such as reinstatement costs, which tenant representatives usually eliminate during renegotiation.” - says Emmanuel Gluntz, Czech Republic CEE Tenant Advisor

“The renewal process can be just as complex and time-consuming as negotiating the original lease. Renewal time presents an opportunity for companies to assess their current position as a tenant, revisit the office real estate market and use that information to negotiate a better lease agreement. If you position yourself as a well-informed tenant that understands your leasing options and how they relate to the evolving needs of your business, you can ultimately secure a better deal and earn back a portion of your occupancy costs.” - says Themis Tolis, Romania CEE Tenant Advisor.

Office Relocation

“Make sure that your office is the right fit. Many companies feel they know exactly what their office needs are, but end up regretting the decision before the lease expires. "You don't know what you don't know." By carefully assessing your needs, a tenant advisor can help you make sure you have a clear idea of what will work best for your employees in terms of floor space, location, layout and more.” - says Marcin Szlęzak, Polish CEE Tenant Advisor