Leasing Process and Timing

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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