{"id":1004125655,"date":"2015-08-19T10:22:02","date_gmt":"2015-08-19T18:22:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004125655"},"modified":"2022-12-08T23:46:23","modified_gmt":"2022-12-09T07:46:23","slug":"5-important-strategies-in-a-tight-cre-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/5-important-strategies-in-a-tight-cre-market\/","title":{"rendered":"5 Important Strategies in a Tight CRE Market"},"content":{"rendered":"<p><em>By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/Randy_Mason_480x270.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004043198\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/option-to-renew\/randy_mason_480x270\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/Randy_Mason_480x270.jpg\" data-orig-size=\"480,270\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Randy_Mason_480x270\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/Randy_Mason_480x270.jpg?w=480\" class=\"alignright size-thumbnail wp-image-1004043198\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/Randy_Mason_480x270.jpg\" alt=\"Randy Mason\" width=\"150\" height=\"150\" \/><\/a><\/em><\/p>\n<p>When buying property in today\u2019s market, follow five key strategies to achieve success in negotiations.<\/p>\n<ol>\n<li><u>Give yourself plenty of time.<\/u> When opportunities are far and few between, it is imperative that you give yourself more time than you think. Starting a project six to eight months before an actual delivery date is not an unrealistic expectation. Ideally, you can start the education process 12 months before you need to \u201cpull the trigger.\u201d That way when the right opportunity comes around, you will be ready to react.<\/li>\n<li><u>Attempt to have many options.<\/u> It\u2019s important to have options that you can negotiate against, as most likely many of those options will be leased or sold during the process.<\/li>\n<li><u>Negotiate delicately.<\/u> If you really want the property, it\u2019s imperative not to over-negotiate as the owner most likely will move on to the other interested parties. A client of mine just lost their preferred alternative because they negotiated on a half of month\u2019s rent abatement and one month later in their proposed occupancy date. The landlord had three offers on the table and we were #3. The landlord responded with the same counter proposal to all three tenants. Tenant #2 accepted the offer as presented by the landlord and won the deal.<\/li>\n<li><u>Be kind to the other side (Landlord\u2019s Broker).<\/u> It\u2019s extremely important to be professional and respectful to the other side during negotiations in a tight market. If personalities get in the way, the property owner\u2019s broker may suggest to the property owner to take one of the other back-up offers.<\/li>\n<li><u>What is your BATNA?<\/u> The reality is, what \u201cis\u201d your best alternative to a negotiated agreement?\u00a0If you don\u2019t have enough options available you will be in a weak position during the negotiations. Be flexible and willing to make compromises.<\/li>\n<\/ol>\n<p>It is extremely feasible to negotiate favorable terms on the right property during a tight market; it just takes some creativity and fortitude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Randolph T. Mason, CCIM, SIOR, Partner, Commercial Realty Specialists: When buying property in today\u2019s market, follow five key strategies to achieve success in negotiations. <\/p>\n","protected":false},"author":1223,"featured_media":1004043198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004125655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Important Strategies in a Tight CRE Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/5-important-strategies-in-a-tight-cre-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Important Strategies in a Tight CRE Market\" \/>\n<meta property=\"og:description\" content=\"By Randolph T. 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