Properties on the market
Openly listed premises, plus a direct line to owners and developers with projects coming up.
Services
Services for occupiers
Forsite acts as the tenant's advisor across the whole lifecycle of its premises: from establishing the current situation to acquiring new premises and negotiating the agreement.
Not sure yet which service fits? Start with a Situation Review: it shows where your leases stand against the market and what's worth doing next.
01 · Premises search
Structured premises search process
A premises search works best as a competitive process. When landlords know alternatives exist, the rent, contract terms, and incentives improve.
Benefit The whole market is covered, not just what's publicly listed.
- The need is establishedWhat the premises are needed for is worked through: operations, floor area, technical requirements, search area, timeline, and preferred lease term. The result is a requirements brief that lets every option be assessed on the same basis.
- Market surveyBased on the requirements brief, Forsite prepares information and proposal-request materials for the premises need, which landlords are asked to respond to with suitable premises. Forsite also maps the hidden market for suitable properties by contacting owners directly. The available options are compiled into a comparable presentation for the next decision.
- Proposals are comparedThe proposals are compiled into a comparison that shows, alongside rent, the contract terms, division of responsibilities, rent-free periods and other incentives, and the suitability of the space. What's compared is total cost, not rent per square metre alone.
- Negotiation and decisionThe best options are shortlisted for site visits and negotiation. With more than one option still live, landlords compete on terms and the agreement is made from a strong negotiating position.
Part of the premises search
Mapping the hidden market
Not every suitable space is listed for lease. Forsite looks for alternatives even where marketing hasn't started yet.
Unmarketed premises
Owners and current occupiers in the search area are approached directly. An option can turn up before a space reaches public marketing — even one that already has a tenant.
Plots and development sites
When no ready-made space can be found, a plot or development site can become the basis for a built-to-suit solution, where an investor and a builder are sourced for a sensible location.
02 · Renegotiation
Lease renegotiation
Benefit Your negotiating position is built on real alternatives.
How strong your position is when renegotiating an existing lease depends heavily on whether the tenant has other options as well.
Forsite's premises search process gives the tenant a confirmed picture of market supply and terms. The logical way to re-tender the current agreement is to negotiate several realistic premises options in one unified process.
- Starting point. The current agreement's terms, expiry date, and comparison to market level.
- Alternatives. Competing options that are real and worth negotiating over.
- Negotiation. New terms for the current premises, or a move to a better alternative.
03 · Built-to-suit
Built-to-suit and project structuring
When the market has no suitable space, Forsite sources a plot or development site that fits the tenant's needs and structures the project, which usually starts from the investor or developer of the building to be constructed.
Benefit Good locations can be used even when the market has no project yet.
04 · Portfolio management
Ongoing management of your site network
When a company has several premises, managing them takes a continuous effort, not one-off decisions. Forsite acts as the client's ongoing partner, in practice as an outsourced property manager responsible for the site network as a whole.
Benefit Your portfolio develops in a planned way under one responsible party, not piecemeal.
- Starting point. A full survey of the current property portfolio: agreements, costs, expiry windows, and the suitability of each space.
- Annual plan. A prioritised plan for developing the site network: which premises need renegotiating, where to search for new space, and what other network-related tasks the year calls for.
- Opex/capex management. Tracking and steering the portfolio's operating and capital costs as part of the same whole.
Tell us about your premises need
We'll set up a 20-minute call and go over your company's situation and how Forsite could help.