Case Studies
Taking Advantage of a Tenant Market: Greenhorne and O’Mara Case Study
The Goal
To assist Greenhorne & O’Mara, Inc. with expanding their growing consulting engineering firm in order to take advantage of the soft tenant market.
The Situation
Greenhorne & O’Mara engaged the services of RCR for the fifth time in 20 years to secure proposals from their existing landlord as well as other competing properties in order to leverage the market concessions available.
The Solution
The declining demand for space provided extremely competitive proposals. While no contiguous space was available, the economics from their current landlord caused Greenhorne & O’Mara to execute a new five year term.
The Result
A savings of 35% over the initial proposal was realized just in rent in addition to tenant improvements and signage.
“We’ve used Rich Commercial Realty’s services five times over the past 20 years,” stated Joe Skinner, Regional Vice President for Greenhorne & O’Mara, Inc. “While we get calls from time to time from other brokers, RCR’s tenacity made them a long term strategic partner for our success and growth.”
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