More than Relocation, VMware upgraded
JLL assisted our client VMware to undertake the office relocation project at the time the market was in favor of landlords. Under the situation of growing rent and low vacancy as well as the limited new supply, the overall market was quite tight and tenants was forced to face the space competition for very few qualified building options.
VMware was previously in a high-end flexible serviced office situated in a prime location in Taipei for a number of years. In order to fit in with their rapid growth, VMware was keen to occupy a bigger space with self-designed interior fit-out to better build up their long-term business strategy in a high-quality workspace.
JLL was requested to develop a proactive approach to acquiring new office space at speed. By conducting a whole market search and combining market insight with good landlord relationships, JLL successfully secured the best and most preferred option at reasonable rates for VMware.
To leverage against some of competitors, JLL provided strategic management to better position VMware in this extremely competitive environment and negotiated favorable commercial terms, also enable VMware to enhance corporate image by moving to a premium grade and new constructed landmark building in Taipei.