An experienced and reliable tenant representative can make a huge difference in the successful outcome of your search for office space. 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

a. Size and layout
b. Expansion and option space
c. Price and term
d. Image and quality
e. Geographical area
f. Intangibles and goals

2. Selection / interview with support team:     1 TO 7 DAYS

a.. Space Planner
b.. Interior Design (if desired)

3. Determine alternatives available:      7 TO 14 DAYS

a. General market knowledge of "deals" available
b. Search of database
c. Verification of terms and conditions
d. Review list of alternatives

4. Narrow down alternatives:      7 TO 14 DAYS

a. Inspection tours of likely alternatives
b. Selection of 3 - 5 best alternatives
c. Space planning of best alternatives
d. Review and re-draw of space plans
e. Selection of top 2 - 3 alternatives
f. Request for proposals on top alternatives

5. Analysis of proposals and alternatives:      1 TO 7 DAYS

a. Financial analysis
b. Layout efficiencies
c. Intangibles and goal analysis

6. Final selection:      7 To 30 DAYS

a. Choose top alternative
b. Establish terms required
c. Prepare and present counter-offer
d. Approve, re-negotiate, or select other alternative
e. Review lease for business points
f.. Review lease for legal points
g.. Review Workletter
h.. Re-negotiate lease terms i.. Sign lease

7. Tenant improvement build-out:      30 TO 120 DAYS

a. Monitor progress
b. Report progress
c. Final walk through check

TIME TO ALLOW

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