CHAPTER 10 The Best Way to Evaluate Your Options our Options
Now you’ve conducted your financial and qualitative analysis and want to narrow your choices before you submit a request for proposal to the landlord and seriously pick out one option. The request for proposal (RFP) will be sent to a few of your top choices. The RFP will describe your timeline and requirements while asking the landlord to propose terms to you and answer questions about your specific needs. If any special requirements are needed, this is where they are brought to the landlord’s attention. For example, if you require upgrades to common areas or the kitchen, this is where it is outlined. Other things noted here are term length, termination clauses, and expansion clauses. Usually, landlords are given a week or two to respond to an RFP.
HOW YOU FIT INTO EACH SPACE WILL BE AN IMPORTANT FACTOR.
Most brokers have design firms or programs that can show you how you would fit in each of your prospective offices, and give you the space and price efficiency of each option. Your broker will run your fit into the space while waiting for a response to your RFP. Landlords normally pay for this. Each floor plan is unique and office sizes will differ, so you are usually forced to use a different amount of space per building. 59
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