2 days ago

Case study: The Ivy Group Saved Millions in Rents in Representing Tenant Knightscope Inc._Tim Vi Tran_Episode 2, Season 1

Thanks to the Ivy Group, Knightscope Inc, a Silicon Valley-based robotics company, saved millions on a sublease for their headquarters.

Tim V Tran, CEO of the Ivy Group, advised Knightscope to scale down from a 100,000 sq. ft. to a 33,355 sq. ft. space, securing a deal at $2.37/sq. ft. with 10 months of free rent, totaling $790,000 of savings. This 30-40% off market rates saves Knightscope $5 million over five years.

Tran's expertise and long-term relationship with Knightscope, spanning 15 years, ensured a prudent and realistic lease decision, ultimately benefiting Knightscope's growth and financial stability.

“Relationships are everything. We earned our status among the ‘Ivy League’ of commercial real estate brokerages by always going above and beyond for each and every client. That’s our secret source,” concluded Tim Vi Tran, with a beaming smile of genuine fulfillment and satisfaction.

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When you need to sell, buy, or lease a commercial property, the Ivy Group is ready to help you reach your goals with more than 100 years of combined experience and expertise in real estate, investment, technology and engineering. Contact us with your next real estate needs.

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