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

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 working with Attorney through completion
  • 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 space
  • Renewal Negotiations


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