Leasing Process and Timing

Posted on October 2, 2012 by admin
1. Define basic space requirements:

  • Size and layout
  • Expansion and option space
  • Price and term (market Information)
  • Image and quality
  • Geographical area
  • Intangibles and goals

1 day
2. Selection / interview with support team:

  • Space Planner
  • Interior Design (if desired)
  • Attorney / CPA

1 to 7 days
3. Determine alternatives available:

  • General market knowledge of
    “deals” available
  • Search of database
  • Verification of terms and conditions
  • Review list of alternatives

7 to 14 days
4. Narrow down alternatives:

  • Inspection tours of likely alternatives
  • Selection of 3 – 5 best alternatives
  • Space planning of best alternatives
  • Review and re-draw of space plans
  • Selection of top 2 – 3 alternatives
  • Request for proposals on top alternatives

7 to 14 days
5. Analysis of proposals and alternatives:

  • Financial analysis
  • Layout efficiencies
  • Intangibles and goal analysis

1 to 7 days
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
  • Review lease for legal points
  • Review Workletter
  • Re-negotiate lease terms
  • Sign lease

7 to 30 days
7. Tenant improvement build-out:

  • Monitor progress
  • Report progress
  • Final walk through check

30 to 120 days
Time to Allow
Before Tenant Improvements

24 to 103 days
Including Tenant Improvements

54 to 194 days
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