Why Tenants Need Financial Analysis

SAN JOSE, CA— In Silicon Valley and the Bay Area, the economy continues to improve, with more venture capital available and more startups and young companies doing IPOs and anticipating great growth. And according to Joseph Joyce, a financial analyst at Cresa San Jose, many of these companies are seeking premium office space in high-profile locations and are investing in workplace optimization programs that will result in cool, creative space to give them an edge in recruiting top talent.

Joyce tells GlobeSt.com in this exclusive Q&A that history has shown, however, that some of these companies won’t succeed, “especially if they don’t have sound, long-term business plans.”  He adds that “History also suggests, as we saw so vividly during the dotcom bust, that companies shouldn’t overreach. They need to be grounded in their business plans and address bottom-line concerns in their leases, subleases, rehab plans, tenant improvement allowances, etc.”