Frequently asked questions
What are my options?
If your space satisfies your current and future needs, consider renewing your lease. We can help you ensure the space will be available and negotiate a new lease with the building owner.
If you’ve outgrown your space or need to make a change, you might consider subleasing additional space, relocating when your lease expires or even purchasing instead of leasing. We’ll partner with you to create a short-list of options and secure the best space for your business.
Or, you might be looking to establish a presence in the market by opening a new location. We’ll help you define your needs and find the right space.
What do Colliers’ Tenant Representation services include?
Our Tenant Representation services experts will provide you with a range of services, including lease negotiation and renewal, in-depth location analysis and workplace design.
If your needs include multi-market real estate matters, ongoing outsourced services or other complexities, you might be interested in exploring our other services and specializations, such as Occupier Advisors, Corporate Solutions services or Project Management services.
How much space do I need and where do I want to be located?
It all starts with thinking critically about the future of your business. The best commercial leasing decisions take medium- to long-range business goals into consideration. Ask yourself:
- Is my business growing or shrinking?
- What type of talent am I looking to attract?
- What locations align with my business vision and goals?
We’ll work with you to answer these questions and more to guide your decision-making process.
What is the standard lease term in Los Angeles?
What are the advantages / disadvantages of subleases?
Key benefits of a sublease are typically shorter lease terms than a direct deal, space that is built and furnished, and depending upon the sublandlord’s financial position, potentially heavily discounted. Key disadvantages can be the sublandlord’s credit and difficulties with the renewal.
Will I have to build my own space or is it possible to get prebuilt space?
In most larger Los Angeles lease transactions, a landlord will provide a construction allowance to build out space. For requirements +/- 10,000 sq. ft., tenants may be able to lease prebuilt space.
What do Colliers’ Corporate Solutions services include?
Our experts will provide you with a range of services, including consulting, technology services (through our Colliers360 platform), lease administration, transaction management, project management and facilities management.
How can you help me support shifts within my business?
We have helped clients through all types of change, including the organizational design or “charter” of your internal corporate real estate function, explosive organic business growth, mergers and acquisitions, consolidation, geographic and talent strategy shifts, brand transformation and aggressive cost reduction.
Our experts can create, support and execute strategies that align with your business objectives. We will work with your team to understand those objectives, assess your current reality, develop business cases and alternative scenarios, make a recommendation and then implement your decision.
How can you help me manage a regional or global portfolio?
Our Colliers360 dashboard technology is a great place to start. This technology can help you establish data accessibility and then visualize the data to make it easier to use. With or without the support of Colliers360 technology, we can develop or revise your master portfolio strategy and the area and location plans to support that strategy.
To manage your portfolio, we bring together teams with specialized expertise based on your needs — whether that includes workplace strategy and change management, supply chain and logistics network optimization, distribution centers, data centers, retail stores or health care facilities. We can leverage your existing approach to execute transactions and projects consistently and with agility, or we can re-engineer transaction and project processes to improve efficiency.
In addition, we are able to uncover savings and cost avoidance strategies through our lease administration services — using your existing technology, our platform or other tools — while accurately managing your database of leases, auditing expenses and even outsourcing the rent payment process.
How can your services help me reduce costs and enhance the value that real estate contributes to my business?
We have experience reducing costs and creating value in many different ways, as each client has a unique situation. Some businesses can benefit from reducing the number of locations and the amount of space occupied or shifting locations around the corner or across the globe as a part of a workforce/talent strategy. Others can create value by deploying negotiating strategies to take advantage of the market environment and other conditions, or leveraging buying power across your expenses (rent) and capital (fit-out) spend. Still others can reduce costs by recovering expense overcharges, or balancing traditional leased space needs with new opportunities that offer maximum flexibility, such as co-working and serviced office facilities. Lastly, we save some clients money through the benefits of outsourcing, offering variable resources and scalability instead of their current fixed cost model.
We typically measure how much value we have added relative to our fees, and in many cases that can be substantial.
How can workplace design contribute value to my business?
To attract and inspire top talent, many companies are taking a cue from research that highlights the importance of a vibrant workplace that prioritizes employee health and well-being. As changes naturally occur in your real estate portfolio, a comprehensive workplace design strategy can help you uncover opportunities to lower health care costs, drive productivity, increase engagement and improve recruitment. Our team of experts applies a structured process to make your workplace a welcoming, productive environment.
How is your approach different with regards to helping clients through technology?
We aim for our clients to realize the benefits of technology, regardless of whether that is through Colliers’ technology or other tools and systems. We have become known for our Colliers360 technology, which is built on a non-proprietary platform so clients can control their own destiny. We typically get the first phase up and running within 90 days, and we anticipate and accommodate the clients’ changing needs after the initial setup.
The most widely used Colliers360 functionalities are the business intelligence and analytics dashboards and the WorkTrac Integrated Workplace Management System (IWMS). The dashboards integrate diverse client data sources without requiring a client to make changes if not appropriate. Our goal is to enable clients to manage their real estate portfolios with greater efficiency, consistency and accuracy — enhancing communication with stakeholders and identifying opportunities for savings or other improvements.