RFP20201118 - Tenant Representation for Office Facility Lease & Related Services

The successful Proponent shall assist RECO in identifying its future office space needs through to successful negotiation of a lease for new office space.  Specifically, the Proponent shall provide RECO with commercial real estate brokerage services for:

• Review of existing leases to identify any issues and corresponding recommendations, including communication strategy with current landlord;
• the development of a lease space needs analysis, taking into account current and anticipated business needs for a five-year window, consideration of employee current home locations, impact of move to all stakeholders, etc.;
• developing a search strategy to include geographic parameters, type of building, surrounding amenities, etc.;
• identification and tour of potential office space options;
• design services to determine viability of options identified based on RECO’s business needs;
• initial financial modelling of total cost of occupancy for lease term, including estimates for any potential build out, etc.;
• support through negotiations with prospective landlords; and,
• support in the review of the lease agreement in consultation with legal counsel.