At Metro Spire, we provide our clients with what we consider are the most expert and comprehensive research and executed methodologies available. Using a combination of sophisticated analysis and creative thinking, we craft real estate strategies that enhance our clients’ business objectives.
Leasing Services Include:
● Office Leasing
● Retail Leasing
● Lease Review & Analysis
● Firm Expansion & Growth Planning
● Project Management
● Tactical & Strategic Planning
● Lease Acquisition & Disposition
● Facilities & Buildings Consultation
The commercial leasing team of associates is led by Esther Zar who, along with Joseph Ben-Zvi, co-founded the department in 2005 and is the current Executive Vice President of the Division. The team offers comprehensive services that range from acquiring space to rent, to strategic planning and project management. Metro Spire’s agents remain actively involved in finalizing any details and provide these ancillary services to our clients and customers alike.
Tenant Representation - Office and Retail Leasing
Our value-added services and information help our clients make solid decisions. If a company is facing lease expiration, or is rapidly growing and needs to expand its facilities, or is downsizing and needs to dispose of surplus space, our real estate professionals can develop unique, creative strategies that go beyond typical brokerage services.
We analyze current space usage and its capacity to meet future requirements. As part of the evaluation process necessary to determine whether a renewal or relocation best suits a company’s needs, we abstract the lease and benchmark the remaining obligations against prevailing market conditions, both at the submarket and building level.
Metro Spire enhances a company’s negotiating leverage by identifying alternative location options. To achieve this, we develop valuation matrices establishing financial constraints, operational requirements and qualitative considerations.
For companies with a remaining lease obligation on space that is no longer necessary or financially prudent, Metro Spire develops strategies based on the prevailing market conditions. An exhaustive analysis of the building’s financial position is conducted including analysis of the underlying mortgage, tax burden, operating expenses and anticipated vacancies. We can negotiate the restructuring of an unfavorable lease or, if necessary, assist in the disposition of excess space through a sublease, assignment or early termination.
Owner Representation - Office and Retail Leasing
Metro Spire offers fully-integrated owner representation services to maximize a property’s return on investment and asset value. Our professionals understand the complex requirements of corporate, institutional and entrepreneurial owners.
We are expert at repositioning an underperforming asset or portfolio of assets through competitive analysis, pro-active leasing strategies and tenant retention programs. Our comprehensive services range from strategic planning to property and asset management, and include marketing and leasing strategies based on such factors as a property’s condition and location. Implementation of a leasing strategy includes direct solicitation of potential tenants and their brokers, extensive reporting of prospect activity to ownership, optimum pricing recommendations and expedited responses and negotiations.
With access to our valuable in-house market research, our agents develop in-depth market intelligence by tracking tenant migration and property market trends, while establishing the most current and comprehensive knowledge of competitive space.
Drawing upon our experience as a significant owner of real estate, Metro Spire brings an owner’s perspective to the discipline. We fully understand financial ownership structures, the impact of debt service obligations, exit strategy planning and the value of capital improvements.
Our team includes top leasing agents, highly educated financial analysts and senior property managers to advise on building operations and systems.
