Flexible, Low-cost Real Estate Solution
CBRE identified an off-market opportunity where FourKites could sublease space in a premier building and location with minimal out-of-pocket costs.
Challenge
FourKites had a strict mandate to sign a short term lease or sublease (< 3 years) at a low cost, but wanted top of the line space in accessible location to recruit the best and brightest talent.
Outcome
CBRE leveraged market dominance to identify an off-market opportunity that had the desired lease flexibility, below market rent, and also included $1M in furniture, all reducing out of pocket costs.
- Site selection
- Leveraging market intelligence to identify off-market opportunities
- Economic and lease negotiation
- Using expertise to ensure below market rental rate
"We had very particular space needs and lease parameters that emphasized flexibility, growth potential, and efficiency. This created a major challenge for our real estate partners at CBRE. CBRE was able to secure an off-market, “ready to go” opportunity at below market rents that aligned with our larger business strategy. We highly recommend Brad and his team at CBRE. They provided us with a level of trust and accountability that made the relocation process seamless, and even enjoyable." – Sean Fallon, President