The Search Process

There are a number of phases that a company will go through when looking for office space. Here are the steps that we will take you through:

Phase I – Discovery of Requirements

• Interview Key Personnel
• Examine Current Lease / Existing Floor Plan
• Create a Space Program
• Determine a Target Geographical Location
• Determine Budget

Phase II – Identify / Qualify Alternatives

• Search the Market for Potential Locations
• Identify the Top Locations
• Tour Top Locations

Phase III – Undertake In-Depth R&D

• Determine Short List of Properties
• Engage Architect to Develop a Space Plan
• Develop a Request for Proposal (RFP) to send to Short List
• Receive Proposals from Landlords and Analyze Them
• Begin Estimating the Cost of the Improvements to the Space

Phase IV – Negotiate Terms & Conditions

• Develop a Letter of Intent (LOI) for Top Choice
• Agree to Terms
• Agree on Space Plan
• Negotiate Lease Terms with Attorney
• Determine Construction Schedule

Phase V – Execute Transaction

• Sign Lease Documents
• Monitor the Construction Process
• Final Walk Through
• Move In

Phase VI – Post Lease Support

• Create a Lease Abstract
• Provide Operating Expense Audits
• Help with Expansion, Construction, or Disposition of office space
• Renewal Negotiations