Office underwriting in a changed market.
Sublease overhang, WALT below 4 years, anchor tenants with termination options, and TI allowances that don't match re-tenanting capex — Tenantvein surfaces all of it before you go to IC.
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Office underwriting requires layers of risk analysis that don't fit standard models.
Sublease overhang, anchor tenant concentration, TI allowances vs. actual re-tenanting capex per SF, free rent concessions buried in lease schedules, and WALT well below lender minimums — these are the inputs that change whether a deal works at your acquisition price. Standard rent roll models miss most of them.
We are not an appraisal firm and not an office leasing broker. Tenantvein gives your team the structured data layer — abstractions, flags, and metrics — to make the underwriting judgment with complete information.
Time Saved
~40 hrs
per deal cycle
Accuracy
Traceable
Every figure links to source
How Tenantvein helps with office deals.
Occupancy Risk Modeling
Physical vs. economic occupancy, sublease overhang, and tenant concentration risk flagged automatically.
Office Lease Abstraction
Expansion rights, termination options, holdover provisions, and free rent periods — extracted from every lease.
Cap Rate Benchmarking & Downtime Allowance
Comparable office sales adjusted for current occupancy and concession environment, with cap rate range for your submarket and building class. Downtime allowance for re-tenanting and capex-per-SF reserve noted for IC sensitivity.
Sample Occupancy Risk Summary
A representative extract of Tenantvein's structured output. Every row is traceable to its source document.
| Risk Factor | Metric | Value | Flag |
|---|---|---|---|
| Physical Occupancy | % of NRA | 78.4% | Below Market |
| Economic Occupancy | % of Gross Income | 71.2% | Watch |
| Sublease Overhang | Sq Ft Available | 22,400 SF | Elevated |
| Anchor Expiry ≤ 12 mo | Tenants at Risk | 2 | Flag |
| WALT | Years | 3.2 yrs | Below Avg |