Relocate the firm’s Austin office into a higher-quality, amenity-rich environment.
Preserve capital during relocation while reducing long-term occupancy costs.
Support recruiting, retention, and employee productivity through location and building amenities.
Challenge
Relocation increased upfront financial exposure for tenant improvements, security deposits, and move logistics.
Competing Class A office options offered similar base rents but materially different capital requirements and employee experience.
The client required a solution that balanced economic considerations with planning for growth and improving workplace quality.
We valued ECR prowess in negotiating the best possible rental terms with each Owner to ensure a favorable agreement. Their guidance in the areas of tenant considerations and moving also helped us to control costs and plan for the transition. ECR’s familiarity with the local market meant they were able to consistently show us properties that were aligned with our operational needs and long-term goals.
Aguirre & Fields
Strategy
Conducted an apples-to-apples evaluation of Northwest Austin Class A buildings to identify the strongest relocation alternatives.
Analyzed total occupancy cost, present value, Year-One cash flow, and per-employee economics to guide decisions beyond rental rate alone.
Leveraged competition between buildings to secure enhanced concessions, including additional free rent, reduced upfront capital requirements, and strategic use of tenant improvement allowance.
Evaluated existing and planned building amenities and nearby retail to assess their impact on recruiting, retention, and employee experience.
Results
Delivered over $365,000 in combined rent and capital savings through strategic relocation and negotiation.
Reduced first-year cash requirements by 57%, significantly decreasing upfront cash exposure while lowering long-term occupancy costs by 9.4%.
Identified a spec suite opportunity and negotiated an enhanced tenant improvement allowance, resulting in a customized office with a portion of the allowance applied to relocation-related costs.
Secured a higher-quality Class A office with newly completed top-tier building amenities, expanded parking, and nearby retail to support recruiting and employee experience.