The early days of a startup are a whirlwind. Getting your ducks in a row is overwhelming and then throwing in there securing the right office space. Your workspace is more than just four walls – it’s a strategic asset.
This is where a tenant representative becomes an invaluable partner, especially for startups navigating the complexities of early-stage growth. That’s where Broadway Property can step in and act as your dedicated supporter and adviser, ensuring your real estate decisions align with your ambitions.
Why do you need a tenant rep to handle the real estate side?
- You have a growing team
- You have changing departments and collaborative spaces are essential
- You’ll need to forecast your growth
- Real estate can be a time consuming process that you don’t want your team to have
- Landlords are experienced in these transactions; you might not be.
How we manage real estate needs
The Broadway Property team offers proactive, flexible, and focused advice on anticipating future needs.
We don’t just look at your current headcount, we analyse your business plan, hiring projections, and anticipated team structure. This allows us to develop a flexible space strategy that can adapt to various growth scenarios. We ask questions like:
- What are your best-case and worst-case growth scenarios for the next 3-5 years?
- What are your key departmental and collaboration needs?
- What is your ideal company culture, and how can your workspace support it?
We explore a range of flexible options when it comes to space solutions, including:
Scalable leases: Negotiating leases with options for expansion, contraction, or early termination with favorable terms.
Short-term vs long-term strategies: Balancing immediate needs with long-term vision, potentially looking into shorter-term bridge spaces while planning for a larger future headquarters.
Build-to-suit options: For companies with very specific needs and a longer-term outlook, we can guide you through the process of designing and building a custom space.
Lease agreements are complex legal documents so we meticulously review every clause, advocating for your best interests and negotiating favorable terms, including:
- Ensuring transparency and predictability in your occupancy costs.
- Maximising the landlord’s contribution to customising your space.
- Providing flexibility if your space needs change.
- Negotiating options for early termination or downsizing if necessary.
Our relationship doesn’t end once the lease is signed. The Broadway Property team remains a trusted advisor, helping you navigate future space needs as your company continues to evolve.