Foresite Corporate Services

Frequently Ask Questions

Corporate Services refers to all of the functions involved in managing and company’s business real estate. Some specific aspects of Corporate Services include; Site Selection, Lease Negotiation, Transaction Management, Financial Analysis & Forecasting, Space Planning & Construction Management as well as Corporate Relocation or Move Management.
Foresite Corporate Services Group can save companies money in several ways. Engaging Foresite CSG reduces or eliminates the costs associated with an in-house Corporate Real Estate Department. By effectively managing an entire portfolio of locations, we can make across the board changes that impact the company’s bottom line. We do this through “right-sizing” the portfolio, ensuring the company is leasing no more space than is needed today while strategically planning for tomorrow’s growth. We often renegotiate existing leases to achieve this and implement smarter space standards going forward.

Foresite also saves clients money by reducing operating expenses through thoughtful lease negotiation as well as performing Operating Expense Audits to keep landlords honest and not leave any money on the table.

Foresite also crafts exit strategies into every lease we negotiate so that should the worse happen, our clients aren’t left on the hook for costs they could have avoided. We even market our client’s space for sublease if the worst-case scenario occurs.
Foresite Corporate Services Group provides professional tenant representation to clients across North America. Our fees are paid in the form of leasing commissions from landlords. Foresite’s services are available on a consulting basis as well and depending on the client’s real estate portfolio, some data management charges may apply for Lease Administration services. However, the majority of our clients pay no fees for our services.
Foresite Corporate Services Group’s ideal customer is one that leases commercial real estate and would like to reduce cost and minimize exposure to risk associated with it. Chances are real estate is not your core business; it is our however. With thousands of transactions across North America under our belt and dozens in progress at any given time, our team of advisors has the experience, market knowledge and industry expertise to guide you through the process allowing you to focus on what makes your business great.

Multimedia Company

CHALLENGE: The primary challenge for this space relocation was mostly driven by economics. Office rental rates in the suburban Washington state submarket where the company leased space for their writers had appreciate greatly in the five years since their last lease renewal and they were experiencing sticker shock from the rental rates then prevailing in the market...

RESULTS: After performing multiple Market Availability Studies in the months leading up to their lease expiration date, we recommended to Corporate that they allow the lease for their current space to expire and not relocate to new space. The results were very happy employees and a total cost savings to the company of about $300,000.

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