Consulate General of Brazil

Results

Cresa began by leveraging the expertise of several in-house disciplines to ensure a holistic assessment of the Consulate General’s needs. While our Workplace Strategists developed a workspace design strategy to enhance productivity, efficiency and space utilization, our Transaction Management experts worked to overcome the challenges faced by determining an optimal solution with regard
to negotiating with a reluctant landlord for an early downsize versus an early reduction in rental rate with additional concessions.

By evaluating and negotiating with landlords holding comparable properties in the District with triple-net rents valued $10.00 to $15.00 per square foot below the Consulate-General’s current all-in rate, Cresa’s Transaction Managers were able to maximize the current landlord’s concession offering and reduced the rental rate by $10.00 per square foot. Additionally, without major disruption to operations, Cresa’s Workplace Strategists were able to re-align the existing footprint to better suit the group’s functional requirements while enhancing employee experience.