Purchase office space instead of continuing to payrent to a building landlord.
After ECR assisted with subleasing their former office space, Richards Rodriguez & Skeith LLP worked out of a temporary solution while ECR was assisting in finding the ideal new location.
The ideal new location would be a smaller space that could accommodate all of their employees while cutting costs, and building equity in a property.
ECR compiled, analyzed, and evaluated potential purchase options to help determine what the best long-term solution for the firm would be, and how it compares to a new lease.
After touring and negotiating several potential options, it was determined that the best scenario would indeed be to purchase.
As a result of the pandemic we had 50% of our space vacant in a market where many offices were completely vacant. Isaac and Jason went above and beyond in finding us a replacement tenant during the pandemic and it resulted in a wonderful relocation for us.
The client purchased the 6,000 SF property at 611 W 15th St after ECR successfully negotiated a very attractive sale price reduction in a market with low purchase inventory.