Will Dixon, REALTOR® - THE OFFICE AROUND THE CORNER: A LEASING GUIDE

THE AMOUNT OF SPACE BEING OFFERED IS IMPORTANT.

It has the same amount of importance as your rental rate. Here’s an example. If the property owner gives you an estimate for $32 per square foot in a 20,000 SF building, that deal is better than a $30 SF rate in a building where you have to lease at least 22,000 SF. The programs that your broker will run and show your test fit will assess the relative efficiency of each option, which we then build into our financial models. An example of using the space efficiently would be using conference rooms and common areas that are there already. You’d compare that to a building where you would need to demolish all the existing structures and build it out from nothing. You’d probably choose the cheaper option in this scenario. If a company needs to occupy more than one floor, your design will need to be made three-dimensionally. A test fit can show each floor’s layout, organizing these floors for their best spacing and functionality. By knowing how the floors need to interact with each other, the design can stack different departments above each other and create the most efficient layout. Creating the right vertical adjacencies in addition to the horizontal ones will help the test fit get the best feel. Plans that are two- and three-dimensional are called blocking and stacking plans. With all your options in a visual test fit, you’ll be able to choose the best layout for your office while also comparing the prices.

THE TEST FITS AND CONSTRUCTION BIDS WILL HELP THE LANDLORD PROVIDE

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