Step 1: Evaluate Your Business

Where is your business going from here? Consider the best and worst case scenarios and what that means to your space needs. Keep in mind that every aspect of what you need in a perfect lease has a cost yet that cost can change depending on a building or landlord’s specific circumstances at that time. (click for an example) Often options to expand, or contract can be obtained, but at the expense of other terms for the tenant being less favorable. The opportunity to modify the layout or upgrade the carpet or change walls is more readily obtained from a landlord. As such, it is important to know what the business must have versus what it would like to have in order to determine how well your lease renewal can deliver optimal space while preparing you to understand which aspects have a higher priority in enhancing your financial performance. By understanding this aspect of how space equates to money, you will be able to make a more informed renewal decision.

Office Space Calculator

Space Needs Review

Employee Map

Helpful Resources