The landlord has a broker working for them. You should too. Prenton Realty represents restaurants, retailers, offices, medical practices, gyms, and industrial users across Chicagoland, and in most leases the landlord pays our fee.
Most business owners negotiate a lease a handful of times in their lives. Landlords negotiate them every month. Tenant representation exists to level that table, and because the commission is typically built into the deal and paid by the landlord, you get senior-level representation without writing a check.
We recently negotiated a five-year retail lease for a first-time operator that included five months of total rent abatement and a landlord-funded refresh of the unit before move-in. Terms like those do not appear in the listing. They get negotiated, in writing, by someone who knows what the market is conceding.
We map every space that fits your use, size, budget, and parking needs, including off-market options surfaced through our landlord relationships.
We tour with you, flag the problems you cannot see on a walkthrough, zoning, exclusives, CAM history, ADA issues, and narrow to spaces worth negotiating.
Rent, abatement, build-out allowances, options, exclusives, assignment rights, and personal guaranty limits, negotiated in writing and coordinated with your attorney.
Restaurants and hospitality concepts, retail and boutiques, professional and medical offices, therapy and wellness practices, gyms and training facilities, nonprofits, religious centers, and industrial users. If your business needs a roof, we have negotiated for someone like you.
In most Chicagoland lease deals the landlord pays the brokerage commission, which is shared with the tenant’s broker. You get representation, and the cost structure of the deal does not change.
No, as long as you have not signed. Bring us in before you submit a letter of intent and we negotiate the economics and the lease language on your behalf.
It depends on the market, the condition of the space, and the length of the term, but concessions are very real in the current market. Several months of free rent on a multi-year lease is a common outcome of a well-negotiated deal.
Yes. Renewals are where landlords quietly make their margin. We benchmark your renewal against the open market, often twelve months before expiration, so you renew from strength or move with time to spare.
One conversation will tell you what the market really charges for the space you need, what landlords are conceding right now, and what your lease should actually say.