CTG International (North America) Inc. leased a 32,000 sf warehouse space in Park 100 and received a 20% rental rate increase from their existing Landlord on their renewal proposal. They quickly decided to engage Adam Stephenson to help with evaluating the market. Adam and his team were able to identify a handful of potential options and ended up settling on a sublease opportunity, which is in close proximity to their existing facility.
Due to the substantial increase from their existing Landlord, Allies Commercial Realty advised the client to evaluate the market. This would allow the client to create the necessary leverage, no matter if they decided to stay in their current space or relocate to a new facility. Because they took the necessary action to evaluate the market, we were able to get their current Landlord to reduce their starting rent by over 10% but more importantly, we were able to identify a sublease opportunity, where we were able to negotiate an even better deal for the client.