Jeffrey Weiller and Associates represents the commercial real estate interests of tri-state area corporations and professional services firms on a local, regional, national and international basis .
Assignments range from single office lease transactions to national and
multi-national real estate portfolios.
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The Tenant's Broker...
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Jeffrey Weiller and Associates was mentored by the pioneer of Tenant Representation in the New York City office market 20 years ago. Jeffrey Weiller and Associates' clients are users of space, not landlords, developers or owners. Jeffrey Weiller and Associates does not own or manage any commercial property, and as a result, remains free of any conflicts of interest.
Our portfolio is as diverse as the clients we service.
Jeffrey Weiller and Associates has been engaged by a multitude companies -- including major national and multi-national corporations -- in a broad range of industries.
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Jeffrey Weiller and Associates has serviced these clients as a full service real
estate consultant, providing a full range of Corporate Services and Brokerage Capabilities.
Why do I need to know about a ‘Tenant-only’ broker?
For the same reason you do not retain one attorney to represent both parties (whether, a ‘friendly’ transaction or otherwise) when so much is at stake financially and legally.
Jeffrey Weiller and Associates only represents tenants in your market. Unlike other real estate companies, we never represent landlords in the leasing of space, nor do we own or manage property in your market. Consequently, with no commitments to landlords in your market, your financial and business goals are all that matter. We are free to aggressively negotiate for savings and tenant rights that your firm will benefit from, without being concerned about landlord relationships in your market. Our clients report that Jeffrey Weiller and Associates has saved as much as an additional 10% to 20% more than our competition.
Is this “conflict of interest” issue that important?
Absolutely, since 99% of the real estate companies generate the majority of their revenue from representation of landlords. It would be unwise for them to negotiate aggressively for a tenant, and risk their profitable relationship. Further, oftentimes the broker who is attempting to represent you actually represents the landlord. Individual brokers within these companies will represent themselves as ‘tenant-only brokers.’ Yet the firm’s management and fellow brokers’ landlord relationships pressure their allegiance and objectivity. Jeffrey Weiller and Associates has no such conflict of interest.
Why do I need a broker if I am planning to simply renew my lease? After all, my Landlord and I have a good relationship.
Your landlord maximizes his profits by getting the most rent possible. Until you create competition for your tenancy and retain an experienced broker, your landlord will consider you a captive tenant willing to pay asking or above-market rents.
Our role is to create leverage with your landlord by identifying other alternatives. By example, Jeffrey Weiller and Associates was retained by a national bank to review a renewal transaction already negotiated directly with their landlord. By demonstrating that more attractively priced space could be negotiated elsewhere, we succeeded in lowering the rent by 20% and eliminating many other costly lease provisions.
Why do I need a broker to renegotiate my existing lease when it has several more years to run?
Your firm’s occupancy costs can be reduced. Most tenants have not reviewed their leases since they were signed and many tenants are paying more than they bargained for. Regardless of the remaining term of your lease, we can often find ways to lower your costs immediately, given a conducive market.
How do I know if my landlord is overcharging my firm for operating expenses?
You will not know until a tenant-only broker reviews your lease and rent statements. Every lease has up to 40 major points that are subject to negotiation, which have a significant monetary and legal impact on you, the tenant. In a recent audit for a major corporate client, we determined that the landlord had ignored some lease provisions and overcharged the tenant by $500,000 in property management fees over a seven-year period.
How is Jeffrey Weiller and Associates compensated?
We are compensated by the Landlord, generally through his listing broker. The commission is a component of the building’s financial pro-forma. Therefore, we do not increase the cost of the transaction nor do we cost you…quite the contrary…our role is to save you money
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