Foresite Corporate Services
Frequently Ask Questions
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.
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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We would like a chance to partner with you on this commitment by becoming your one stop solution for real estate services that align with your mission and corporate goals.