A personal injury law firm’s current office wasn’t large enough to fit a growing staff in an expanding territory. The firm was paying below market rate to lease their office and loved the space, but didn’t want rates to change drastically following an expansion.
Avocat evaluated other options in the market to create leverage with the landlord’s listing broker. During negotiations, Avocat got creative by leveraging other offers in order to receive free rent and concessions in order to bring the effective rate down to a reasonable amount.
The firm secured a favorable lease with reasonable rates, plenty of room for growth to accommodate their growing staff, and enough space to avoid the operational hang-ups of a small office.