Houston Leasing Information - Step 2:
Analyze the Market
During this analysis process, we will
review the market over the past 12 to 24 months, and then provide an
overview of present market conditions and a forecast for future conditions,
including:
- vacancy rates
- rental rates
- sale prices
- absorption rates
- demand levels
- negotiating environment
We will also identify and discuss the
impact of the stronger external influences on the real estate market,
such as:
- government policy/activity
- labour availability
- population growth
- tax issues
- economic forecasts
- interest rates
- land supply
Finally, we will try to identify in
what direction the market is heading and what opportunities are likely
to develop in the future.
Market Overview
This is a very general overview of current
market conditions. A more in-depth analysis of the market will be prepared
as we develop our Action Plan.
The Six Step Approach
Step 1: Analyze Requirements
Step 2: Analyze the Market
Step 3: Identify Opportunities
Step 4: Goals and Objectives
Step 5: Develop Strategy
Step 6: Execute Strategy
Key Issues in a Lease
A Tenant's Perspective
Non-Disturbance
Non-Disturbance and Memorandum of Lease
Tenant's Rights to Make Repairs
Assignment and Subletting
Abatement of Rent When Tenant Is Prevented from
Using Premises
Quality of Construction-Standard for Maintenance,
Repairs & Operations
Definition of Fair Market Rental Rate
Default by Tenant
Operating Costs, Taxes & Utilities
Tenant's Indemnification
Administration Fee