Cityspace has more than 45 years of combined experience, in negotiating new leases or renegotiating tough existing leases and implementing other cost-saving strategies, thus can help you achieve significant savings or even rental rate reduction, while gaining the lease flexibility necessary to address your current business strategy and future challenges. Four sample case studies attest to our ability to meet and surpass client objectives
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Cost-saving case studies - Cityspace Corporate Real Estate Services sample clients
1. Creating strategic and competitive advantage
SAMPLE CASE STUDIES
Our more than 45 years of combined experience, in acquiring new leases or
renegotiating tough existing leases and implementing other cost-saving
strategies, can help you achieve significant savings or even rental rate reduction,
while gaining the lease flexibility necessary to address your current business
strategy and future challenges. Four sample case studies attest to our ability to
meet and surpass client objectives
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CASE STUDY – BCF law firm
BCF is a leading Montreal-based internationally affiliated law
firm. The firm required a real estate strategy to support a
high rate of growth – from 9 professionals in 1995, to more
than 135 today
• 1100 René-Lévesque Street West
• 105,000 square feet
• Our Consensus Management™ allowed the firm’s
executive to execute and deploy its real estate strategy
much more effectively while maintaining buy-in from the
partnership as a whole using our Buy-In
Management™
• Acquired new space at below market rents through
favourable options
• Secured long-term below-market rents
• Our Competitive Benchmarking™ data allowed the
firm to ascertain its costs. Use of space per partner and
support were below the competition
• Gained extensive lease flexibility, rights, options and
outdoor building signage rights
• Considerable reduction in the amount and duration of the
tenant’s guarantee
• Achieved overall term saving estimate of $8,300,000
to date over landlord’s original lease
2. Creating strategic and competitive advantage
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CASE STUDY – TOWERS PERRIN global professional services
Towers Perrin is a global professional services firm that helps organizations
improve performance through effective people, risk and financial management.
• Place Montreal Trust, 1800 McGill College
• 40,000 square feet
• Renegotiated lease with 16 months remaining until expiry
• Gained considerable lease flexibility, options to contract,
cancel and rights to expand
• Secured long-term below-market rents
• Achieved a $700,000 savings over the remaining
16-month lease period
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CASE STUDY – TELEFILM CANADA government agency
Telefilm Canada is a federal cultural agency devoted to the development and
promotion of audiovisual documents produced by the Canadian private sector.
• 600 de la Gauchetière Street West
• 32,000 square feet
• Marketed and sublet space 42 months in advance of lease
expiry
• Acquired new reconfigured space at a lower rent and for a
reduced area (25,000 sq. ft.)
• Secured long-term below-market rents
• Obtained free parking, storage space and afterhours HVAC
at no cost
• Gained extensive lease flexibility, rights and options
• Achieved overall saving of $1,500,000 over the last
42 months of the original lease
3. Creating strategic and competitive advantage
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CASE STUDY – CITIBANK global financial institution
Citibank is one of the largest full service banks in the world offering an extensive
range of products and services.
• 630 René-Lévesque Boulevard West
• 42,000 square feet
• Renegotiated lease with 15 months remaining until expiry
• Gained considerable lease flexibility options and rights
• Secured long-term below-market rents
• Saved over $1,000,000 from the landlord’s original
proposal
We are corporate, commercial and industrial real estate tenant
representation experts specializing in in lease acquisition, disposition and
renegotiation services for business tenants and corporate space users of all
sizes, in the office, industrial and retail sectors.
As advisors to enterprise space users and recognized leaders in new lease
negotiation and lease renegotiation, Cityspace creates greater competitive and
strategic advantage for its clients, offering customized solutions that support and
enhance both their operational and financial performance objectives. In addition,
the company leads the industry through its development of ground-breaking
client consensus and decision management tools.
The company has highly focused market knowledge in Montreal, Quebec
province, as well as a national perspective with additional offices in Toronto and
Calgary. 25 years of commercial real estate experience and client referrals upon
request.
Contact :
Francois Brosseau, CEO
+ 1 514 928 7523
fbrosseau@cityspace.ca