The Leasing Process

An experienced and reliable tenant representative can make a huge difference in the successful outcome of your search for office space and leasing process. A Tenant renting office space does so only a few times in his corporate life. Landlords rent space over and over again. Level the playing field by taking advantage of the availability of a good tenant representative. You will find that there is usually no cost to you. In the long run, you will end up way ahead in not only the rent you pay but also in avoiding mistakes. Don’t be afraid to ask your prospective brokers questions to make sure they can perform for you.

Leasing Process and Timing

  1. Define basic space requirements: 1 Day
    Size and layout
    Expansion and option space
    Price and term
    Image and quality
    Geographical area
    Intangibles and goals
  2. Selection / interview with support team: 1 TO 7 Days
    Space Planner
    Interior Design (if desired)
  3. Determine alternatives available: 7 TO 14 Days
    General market knowledge of "deals" available
    Search of database
    Verification of terms and conditions
    Review list of alternatives
  4. Narrow down alternatives: 7 TO 14 Days
    Inspection tours of likely alternatives
    Selection of 3 - 5 best alternatives
    Space planning of best alternatives
    Review and re-draw of space plans
    Selection of top 2 - 3 alternatives
    Request for proposals on top alternatives
  5. Analysis of proposals and alternatives: 1 TO 7 Days
    Financial analysis
    Layout efficiencies
    Intangibles and goal analysis
  6. Final selection: 7 To 30 Days
    Choose top alternative
    Establish terms required
    Prepare and present counter-offer
    Approve, re-negotiate, or select other alternative
    Review lease for business points
    Review lease for legal points
    Review Workletter
    Re-negotiate lease terms
    Sign lease
  7. Tenant improvement build-out: 30 TO 120 Days
    Monitor progress
    Report progress
    Final walk through check

Time To allow

Before Tenant Improvements 24 to 103 days
Including Tenant Improvements 54 to 194 days

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