Devencore Realty Victoria Ltd.

250-382-3400 |

Office, Retail and Industrial Leasing Services

We provide a full range of leasing services for both landlords and tenants in Victoria’s downtown and suburban markets and in other South Vancouver Island communities. Whether acting for the landlord or tenant, our market intelligence and vast transaction experience is sure to add value for our clients.

For landlords, our services are aimed at increasing our clients’ occupancy rates and operating income and generally include the following:

  • market analysis with current supply, absorption and vacancy statistics as well as comparative transactions and assessments of competitive supply options
  • valuation of the subject based upon our market research and analysis of the subject’s strengths and challenges;
  • advice on work to be undertaken to improve the marketability of the space;
  • advice on space measurement to ensure that rentable areas are properly calculated in accordance with industry standards;
  • marketing services to give the premises broad exposure to potential tenants and their agents;
  • onsite tours of the premises with prospective tenants;
  • preparation of offers and counter-offers to lease;
  • negotiating advice when responding to offers;
  • advice on drafting of formal lease documents;
  • assistance in satisfying “subject conditions”;
  • full cooperation with other agents;
  • assistance in coordinating improvements to the premises.

For tenants, our representation is designed to identify and secure the best premises to meet our clients’ objectives in relation to location, features and cost. The services provided typically include:

  • competitive market analysis with current supply, absorption and vacancy statistics as well as comparative transactions and assessments of competitive supply options;
  • site search and analysis, including trade area and demographic studies, with recommendations tailored to the tenant’s objectives;
  • advice with respect to space planning services;
  • recommendations and advice for landlord’s work and tenant improvements to be undertaken;
  • advice on space measurement to ensure that rentable areas are properly calculated in accordance with industry standards;
  • preparation of offers and counter-offers to lease;
  • negotiating advice when responding to offers;
  • review of formal lease documents and recommendations for modifications;
  • assistance in satisfying “subject conditions” including due diligence investigations;
  • assistance in coordinating improvements to the premises;
  • lease audit services, including analysis and reconciliation of operating costs.
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Office, Retail and Industrial Leasing Services