INDUSTRY CONNECTIONS
The link below will provide you with a flowchart that outlines the Client Representation process.
The process is complex; the goal of the flowchart is to give you an idea of how the process works
and the information needed to effectively negotiate on your behalf.

Welsh Client Representation Process
Client Information Survey

COLLECTION OF DATA
Analyzing your existing real estate is a good starting place to determine what your space needs will be in the future. The Client Information Survey identifies; Location, square footage, utility infrastructure, image, pricing, timing, clear height, loading, etc... Discussing these issues will help me understand your real estate needs, so that when we formulate a plan we can meet your expectations and ensure a smooth transaction.

DEVELOPMENT OF REAL ESTATE PLAN
This part of the process brings together the analysis of the data to create a set of criteria that forms the basis for the property search. The criteria will consider budget, timeframe, and location issues. For example, employee drivetime is especially important because of the labor shortage in the Twin Cities - you may want to sample employees to determine what location they would prefer. It is important to have a base set of criteria to save time throughout the process.

PLAN IMPLEMENTATION
Based upon the criteria, we will conduct a property search and tour availabilities. The criteria may change after looking at a few spaces, but that change only helps me to better understand what type of real estate will help you achieve your business goals for the best value. Once properties have been selected that fit the criteria, we will solicit proposals from each owner and begin negotiating. In conjunction with the negotiating process, a space plan will be created that shows the interior layout of the space, construction costs will be estimated, and lease terminology scrutinized. The process is multi-faceted; I manage the process so that you are free to continue running your business.  We will then sign a lease or purchase contract, and begin preparing for the move. I can suggest companies to assist you with furniture installation, data/voice cabling, and all sorts of other "little things" that can ease the transition into a new facility. When the doors are opened for that first time, you will have peace of mind that the real estate process was completed as smoothly as possible in the most efficient timeframe.

 


Ted Carlson, CCIM, SIOR952-897-7788tcarlson@welshco.com
NAI Welsh