How We Help You

“Voit reduced our operating costs by 29% and were able to negotiate critical expansion space without interruption to our business operations.”
Gary Lisenbee - Metropolitan West Capital Management
Real estate is typically a business’s largest expense, second to payroll. Reducing occupancy costs and can create an immediate and dramatic increase in profitability. This is particularly relevant in today’s tough economic climate for three reasons:
1) As commercial real estate rents and prices have declined, most tenants are over-paying for their real estate. They are unaware of the options available for reducing their occupancy costs in line with today’s market values.
2) When businesses make cut-backs, most end up occupying too much space for their needs.
3) Even the smallest reduction in overhead can mean the difference between a business’s survival or failure when times are tough.
Many companies fail to proactively manage their corporate real estate or properly monitor and scrutinize their occupancy costs. They often underestimate the business risk involved in not doing so or lack the expertise or time to address the issue. This often results in businesses inadvertently paying far too much for their real estate and suffering from operational inefficiencies. These are two critical issues, both financial and operational, that can have an enormous negative impact on the success of a business.
There are several ways to reduce your occupancy costs and potentially control these expenses over the long term, including lease audit and service charge scrutiny, disposition of surplus space by sublease, early lease renewals to reduce rent/operating costs to fair market value or below, lease renegotiations to reduce total occupancy costs to an affordable amount, lease terminations/buy-outs, and sale and lease-backs.
Voit’s Commercial Tenant Solutions team has proven to typically reduce clients’ occupancy costs by approximately 30% on service charge scrutiny, new leases, lease renegotiations and renewals and up to 100% on subleases and assignments. So, if you haven’t professionally and thoroughly reviewed your corporate real estate and occupancy costs in the past twelve months, you should do it now.
Our proven occupancy cost reduction process involves understanding the client’s real estate requirements and budget, investigating every option for reducing occupancy costs, determining the net occupancy cost savings of every option and professionally executing a process to achieve the required results.
Below is our proven occupancy cost reduction process:
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