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The Leasing
Process and Timing |
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1. |
Define basic space
requirements |
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Size and layout |
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Expansion and option space |
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Price and term |
1 day |
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Image and quality |
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Geographical area |
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Intangible and goals |
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2. |
Selection / interview
with support team: |
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Space Planner |
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Interior Design (if desired) |
1 to 7 days |
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Attorney / CPA |
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3. |
Determine alternatives
available: |
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General market knowledge of
"deals" available |
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Search of database |
7 to 14 days |
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Verification of terms and
conditions |
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Review list of alternatives |
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4. |
Narrow down
alternatives: |
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Inspection tours of likely
alternatives |
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Selection of 3 -5 best
alternatives |
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Space planning of best alternatives |
7 to 14 days |
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Review and re-draw of space
plans |
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Selection of top 2 - 3
alternatives |
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Request for proposals on top
alternatives |
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5. |
Analysis of proposals
and alternatives: |
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Financial analysis |
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Layout efficiencies |
1 to 7 days |
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Intangibles and goal analysis |
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6. |
Final selection: |
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Choose top alternative |
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Establish terms required |
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Prepare and present
counter-offer |
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Approve, re-negotiate, or
select other alternative |
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Review lease for business points |
7 to 30 days |
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Review lease for legal points |
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Review Workletter |
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Re-negotiate lease terms |
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Sign lease |
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7. |
Tenant improvement
build-out: |
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Monitor progress |
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Report progress |
30 to 120 days |
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Final walk through check |
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Time
to Allow |
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Before Tenant Improvements |
24 to 103 days |
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Including Tenant Improvements |
54 to 194 days |
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