DALLAS CITIZENS COUNCIL 
1,978 sq.ft. Reduction of Occupancy/Operational Costs

Situation

The Dallas Citizens Council needed to reduce costs and increase financial incentives for renewal.  They also required additional tenant amenities and improvements to their existing space.

Approach 

• Leverage market alternatives to negotiate competitive market rate with landlord, readjust base year and secure additional renewal options
• Perform analysis of overall cost of the lease based on five years, including landlord net analysis
• Negotiate rent reduction with minimal rent increase and a tenant improvement to refresh existing space, plus additional technology upgrades.
  

Results  

• 15% Reduction in Occupancy Cost
• Stabilized Rate through 2017
• Received above market Tenant Improvement Allowance, early net savings, and additional renewal options