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If you ask commercial real estate brokers where the rubber really meets
the road, most are likely to respond: "concluding the deal." W&H's
commitment to be the most broker-friendly ownership in town drives us
to maintain a standardized, smooth, streamlined and easy leasing
process throughout our portfolio by offering:
- Responsive on-site building management and hands-on ownership.
Sometimes, deal execution can drag on. But it is our policy to respond
fast – most often within 24 hours – with a written response, not an oral
one. And we work on weekends, too!
- Flexibility in build-outs. Obviously, meeting a tenant's needs in a
build-out requires a lot of flexibility on both sides of the table. W&H
has arranged thousands and thousands of leases over the years, so we
know that a deal can be struck in many ways – whether that be a
turn-key installation, cash and part free rent toward an office built by
the tenant or an office custom-built by the landlord, etc. We are driven
to find pathways to success, bridges over challenges, and to deliver
for our tenants.
- Ownership involvement. Tenants should know that they are dealing
with a landlord whose principals are personally involved, rather than
with a spreadsheet jockey sitting behind a computer or a remote corporate
entity. And the owners of W&H's portfolio supervisor, Malkin
Holdings, not only often participate in space showings, but they also
work directly with prospective tenants and their brokers with questions
or other concerns about W&H buildings. The Malkins walk the
portfolio hallways, inspect the lobbies and bathrooms, and meet regularly
with building operations and leasing personnel to make certain,
first hand, that their high standards are being met, and they track
closely the deals as they are being done.
- Standardized leasing procedures. We are proud of our consistency
throughout our portfolio; if you've been to more than one of our properties,
you already know that our proposals, analyses, floor plans, etc.
are all in the same format, so that there's no reinventing of the wheel
from building to building, thereby saving time and money for all
parties involved. There is one lease form. Furthermore, when you work with W&H, there is a single
point of contact to coordinate everything from space design to move in. And even when a transaction
is inherently complicated, we make it as easy as possible. We know we are in a service business, and W&H is here to accommodate the needs of
tenants and the brokers who represent them.
- 100% Commissions paid upon signing.
Without question, one of the most distinctive
aspects of leasing at a W&H building is that
the broker is paid 100% – within 24 hours of
lease signing. Good times and bad, we have
maintained a simple guiding rule:
Commissions are not a negotiation, they are
earned and paid. Deliver us a bill on Monday
afternoon; get paid on Tuesday morning!
At W&H, we strive to serve our tenants and the
brokers who represent them, from the first showing,
every step along the way.
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