The Leasing Process and Timing

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

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