Services / Landlord Representation

Landlord Representation

Leasing strategy built around the property, the likely tenant and the owner’s investment plan.

Greg Cooper advises industrial, office and retail owners on property positioning, lease economics, tenant targeting, marketing, negotiations and transaction execution across Austin and Central Texas.

$2B+Career transaction experience
20+ yearsCommercial real estate experience
$650MInstitutional multifamily transactions
J.D.University of Texas School of Law
AustinCentral Texas market focus
By Greg Cooper, J.D. · Commercial Real Estate Advisor · Austin, Texas · Last reviewed October 4, 2026
In short

What does a commercial landlord-representation broker do?

A commercial landlord-representation broker advises the property owner on how to position, market and lease space. The work can include market analysis, asking terms, suite or building readiness, tenant targeting, marketing, tours, proposal and letter-of-intent negotiations, lease coordination and reporting.

The objective is not occupancy at any cost. It is to improve the property’s competitive position and reach lease terms that support cash flow, tenant quality, capital recovery, future flexibility and the owner’s broader hold, refinance or sale strategy.

By property type

Landlord representation by property type

Lease economics

Face rent does not determine lease value by itself.

Owners should compare term, escalations, free rent, tenant improvements, commissions, operating-expense structure, credit, guaranties, options, downtime, capital work, restoration obligations and the probability of execution.

A lower face rate from a stronger tenant on more durable terms may create more value than a higher quote burdened by concessions, capital or rollover risk.

Leasing process

Position the asset before taking it to market.

Leasing strategy should connect the physical space, target user, economics and ownership plan.

  1. 01

    Diagnose the property

    Review space, condition, access, systems, use limitations, competing supply, leases and ownership objectives.

  2. 02

    Define the target tenant

    Identify industries, users and requirement profiles that fit the property and can execute.

  3. 03

    Set positioning and terms

    Establish asking economics, improvement strategy, delivery condition and the property story.

  4. 04

    Launch targeted marketing

    Combine listing exposure, broker engagement and direct outreach to relevant businesses and decision makers.

  5. 05

    Manage tours and proposals

    Qualify prospects, communicate property fit and compare complete proposals consistently.

  6. 06

    Negotiate and coordinate execution

    Work through business terms, credit, lease documentation, improvements, delivery and handoff.

Property-specific positioning

The leasing story changes with the asset.

Property typePositioning priorities
Industrial & flexLoading, clear height, power, yard, truck access, zoning, outside storage, office ratio and delivery condition.
OfficeLayout, improvement condition, parking, access, amenities, building systems, image, security and employee experience.
RetailTenant mix, trade area, visibility, access, parking, signage, co-tenancy, use restrictions, delivery and exclusives.
Asset strategy

Lease decisions should support the owner’s next capital decision.

The optimal lease for a long-term hold may differ from the optimal lease before a sale, refinance or redevelopment. Term, rent steps, options, expense recovery, tenant credit and capital obligations can affect value and flexibility differently.

Before accepting a proposal, the owner should understand how the lease changes near-term cash flow, stabilized net operating income, rollover concentration, future capital, lender treatment and the likely investment buyer’s view of the property.

Execution discipline

Owners should see the market response, not just receive activity updates.

Reporting should connect inquiries, tours, objections, competing options and proposal activity to actionable recommendations. If prospects consistently reject the same condition, economic term or delivery issue, the strategy should adapt.

Tenant credit and lease documents require appropriate financial and legal review. The broker coordinates the real estate process and business terms; attorneys, accountants, contractors and other specialists advise within their disciplines.

Frequently asked questions

Landlord Representation FAQs

What is included in landlord representation?

The scope can include market analysis, positioning, asking terms, property readiness, marketing, tenant and broker outreach, tours, proposal and letter-of-intent negotiation, lease coordination and owner reporting.

How should an owner set asking rent?

Asking terms should reflect the property’s condition and functionality, competing alternatives, demand, delivery obligations, concessions, operating expenses, target tenants and the owner’s timing and investment plan.

Is the highest face rent always the best proposal?

No. Owners should compare the full economics and risk, including term, escalations, free rent, improvements, commissions, credit, guaranties, options, downtime and probability of closing.

Should a vacant suite be improved before a tenant is found?

Sometimes. A prepared suite can reduce uncertainty and time to occupancy, but speculative improvements should be matched to likely users and expected return. Some specialized spaces are better improved after a tenant is identified.

How does landlord representation differ for retail?

Retail leasing places particular emphasis on trade area, tenant mix, co-tenancy, exclusives, visibility, access, signage, delivery condition and the sales potential of the location.

Can Greg help an owner decide whether to lease or sell?

Yes. Leasing may improve income and value, while a sale may better fit timing, capital or risk objectives. The alternatives should be evaluated together when the decision is not yet settled.

How are prospective tenants evaluated?

The appropriate review depends on the transaction and may include business history, financial capacity, guaranties, use, improvement needs, timing and the likelihood that the tenant can perform under the proposed lease.

Does Greg negotiate the legal lease?

Greg advises on market terms and coordinates the business points. The owner should rely on qualified legal counsel for the lease document and legal advice.

Greg Cooper, J.D.

Start with strategy

Discuss the leasing strategy for your property.

Share the property type, address, available area, current condition, timing and ownership objective. Greg will identify the first market and property information to review.

Greg Cooper, J.D. · Broker Associate · Kuper Sotheby’s International Realty