subject: Want to Renew Your Lease - Still Need a Broker? [print this page] In a tightening market, greater numbers of landlords are reluctant to pay fees to a tenant's real estate representative during renewal. In this case, tenants must weigh the value added by their consultant and determine if their services warrant compensation. Remember, a 10% savings for a 20,000 square foot tenant can easily yield $400,000 in savings in a ten year occupancy window. In addition to time saved, the financial benefit is substantial. Therefore, the more appropriate question changes from "do you still need a broker?" to "which real estate consultant can best add value to your firm?"
