TMC has just completed another tenant representation assignment in Portland, Oregon. This was a 65,000-square foot, Class A, office lease for Moda Health, a corporate tenant we have served for 5 years throughout the Western States.
Whats been most notable about the Pacific Northwest transactions we have been completing is the terrific rental rates and tenant improvement allowances we have achieved for clients.
Tenants we serve recently paid almost 18% less than the market rental rates that other tenants were achieving for the same type of building and space. In a recent transaction we negotiated for a tenant improvement allowance that was 22% greater per year of lease than a national brokerage achieved for their client in the same building.
With rents having increased so dramatically wherever we work, TMC has found that you have to be creative, nimble and good negotiators to achieve lower rent deals than most other tenants pay.
Our success in achieving better deals than our competitors are able to negotiate is quantifiable, and something we show prospective tenants who are considering us for lease assignments. Its why over the years we have served AT&T, Cisco Systems, Fiserv, Clorox and Apple to name a few of our clients.
Whether it is in Portland, San Francisco, or Seattle, we are improving our clients profitability.
TMC is a corporate real estate advisory business that has been in operation since 1986. We provide diverse services like tenant representation, lease renegotiation, operating expense reductions, and project management of tenant improvement buildouts. With offices in the San Francisco Bay Area and Pacific Northwest we are uniquely located to assist clients throughout the West Coast.