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Leasing Locker

Digital leasing analyst

Owners, tenants, brokers —
we run the numbers so you can run the deal.

Spend more time in the market and in face-to-face meetings — less time wrestling Excel formulas. Market-specific commissions, real expense treatments, every concession category tracked separately, then every proposal on the deal in one comparison matrix.

Built to make CRE executives more productive — not busier in spreadsheets.

Signature demo · fictitious data

Five proposals. The headline number pointed the wrong way.

Giga Healthcare Solutions · Atlanta office requirement · ~40,000 SF. Rank them on face rent and you chase Phipps Overlook. Rank them on the real occupancy cost to the tenant, and Lindbergh Tower climbs from fourth to first.

Cheapest headline first
1

Phipps Overlook

2

Lenox Place

3

Old Ivy Station

4

Lindbergh Tower

5

Buckhead Corp. Park

Headline rent /SF$26.50/SF$26.75/SF$27.50/SF$29.00/SF$31.50/SF
Free rent (months)585.549.5
Escalations2.75%3.00% biennial2.50%$0.50/SF2.25%
Size40,000 SF41,000 SF38,500 SF39,600 SF37,750 SF
Avg gross effective /SF$28.48/SF$26.66/SF$29.17/SF$29.27/SF$32.08/SF
Annual net effective /SFThe number$11.01/SF$8.39/SF$10.39/SF$7.85/SF$9.81/SF
Total concessions /SF($45.54)/SF($62.83)/SF($52.35)/SF($63.67)/SF($83.44)/SF
Concessions per yr of term($6.14)/SF($8.11)/SF($7.06)/SF($8.68)/SF($10.65)/SF
Landlord capital outlay /SF$49.84/SF$60.06/SF$55.50/SF$70.29/SF$76.70/SF
Landlord paybackMo 42 of 89Mo 53 of 93Mo 45 of 89Mo 52 of 88Mo 57 of 94
Total lease NPV /SF$45.35/SF$28.36/SF$40.27/SF$24.18/SF$30.28/SF

Ranked on headline rent, cheapest first: Phipps, Lenox, Old Ivy, Lindbergh, Buckhead. Switch the sort. The $26.50 building — thinnest concession package on the board at $45.54/SF — is about to finish last.

What it actually does

Enter the proposal as written. Get the deal as papered.

Property, state, month received, landlord, recipient. A nickname for the round. Rentable SF, term, starting rent, escalation as $/SF, %, or flat — at any frequency, with a configurable first escalation month. Gross with base-year stop, net, or full service. Four categories of allowance. Four commission conventions. An annual discount rate.

Two features do the real work: Compare Selected — the matrix — and the nickname timeline, rounds of one negotiation stacked chronologically. The second one is why people stay.

Outputs

  1. 01Average gross effective rental rate
  2. 02Annual net effective rate
  3. 03Total landlord concessions (commissions excluded — a commission is not a concession to the tenant)
  4. 04Concessions per year of term
  5. 05Landlord capital outlay
  6. 06Landlord payback in months — useful when a landlord asks for a letter of credit, security deposit, or guarantee
  7. 07Total lease NPV — per SF, in whole dollars, and per year of term
  8. 08Full month-by-month rent schedule
  9. 09Export proposal and comparison tables to Excel for your firm’s presentation template

The calculation is identical

Only the direction of “good” changes.

Owners & asset managers

Price the concession package.

Approve the outlay, see landlord payback, and judge whether a letter of credit, security deposit, or guarantee is proportionate — then walk into committee with one matrix instead of five spreadsheets.

Answers to Investment committee, fund, ownership

Brokers — both sides of the table

Defend the recommendation.

Build the counter, keep the negotiation history, and export the comparison into the firm’s template. The math is the same; only the direction of “good” changes.

Answers to The client

Corporate real estate

Level the locations.

Different sizes, terms, and expense structures, scored on one screen so the CFO is not comparing apples to a blended average.

Answers to CFO, board

Retention

Next round sits right underneath this one.

Nickname the proposal. Counter it. Best-and-final it. The timeline keeps the negotiation history so the math doesn’t get lost when the spreadsheet does. When it’s time to present, export the proposal or comparison table to Excel and drop it into your firm’s template.

Get in touch
  1. 01 · Round 1 · face $29.00

    Initial — Lindbergh Tower

    $8.40

  2. 02 · Round 2

    Counter — free rent to 6

    $8.05

  3. 03 · Round 3 · the number

    Best and final

    $7.85

Ready to run the next deal with clearer numbers?