choycepeterson.com | Step 3: Evaluate Your Space

"This is the third time Choyce Peterson has helped us secure space to accommodate our rapid expansion. Their experience makes them very knowledgeable about the available space and we’re confident we can rely on their judgment and focus our attention on growing our business."

- Kurt Strumpf, Chief Operating Officer for eNR Services -

"We looked at quite a few satisfactory locations, and they did a great job of helping us narrow down our options; the new space is exactly what we were looking for."

- Kurt Strumpf, Chief Operating Officer for eNR Services -

"I give Choyce Peterson high marks for negotiating with a high degree of integrity in the best interests of the tenants they represent."

- Paul D’Amico, Chief Operating Officer for Triple Point Technology -

"In the midst of a complex negotiation with a landlord, I realized I was into a process that required more expertise than I had in my skillset,"

- Kathleen Shelton-Smith, Chairman, Renaissance Capital Corp. -

"We were very particular about our requirements and John put in a lot of effort to ensure that we weren’t wasting our time touring offices that would not measure up to our standards."

- Mark McCall, Chief Financial Officer for Lime Rock Partners -

"It was a pleasure to work with John and Steve again. Due to our long term partnership, they played a crucial role in assessing our needs and requirements for our new office space."

- Jim Bretschneider, Managing Director of Columbus IT Partner USA -

"John’s experience was a great source of information for us. He gave us a sense of the going rental rates for other buildings in the area and helped us to understand and avoid the pitfalls of doing a deal like this."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"I was pleased with the amount of effort and information Alan and John were able to gather, enabling us to explore all of the possibilities and make sure we were taking the right space for the right price."

- Paul D’Amico, Chief Operating Officer for Triple Point Technology -

"John Hannigan guided us through all the negotiations with the landlord and nudged us, as needed, to keep things moving along. I was confident he was on top of all the details, so I could concentrate on the core aspects of our insurance business."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"Choyce Peterson says they provide clients with experience, integrity, effort and intelligence, and they certainly do, but I’d add another bullet. They work in partnership with the client."

- Roger Berman, Principal of Bloom & Streit -

"My father had worked with John Hannigan several years ago and was very pleased. The firm is a class act, and we were happy to call on them again."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"John put in a lot of effort for us, which is obvious in the results – we realized quite substantial savings with this new lease package."

- John Martin, C.E.O. of Martin Rosner Eleftherion -

"Our Choyce Peterson Principal, is of great importance to me because he knows our business as well as his."

- Cynthia Poggiogalle, Senior Manager, Worldwide Real Estate of Pepsi Beverages Company -

Step 3: Evaluate Your Space

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Step 4: Evaluate Your Building

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Step 5: Evaluate Your Lease

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Step 6: Evaluate Your Alternatives

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Step 1: Evaluate Your Business

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Step 2: Evaluate Who You Are

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914-422-5700
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Step 3: Evaluate Your Space

Do not shun the opportunity to improve the look, size and function of your space. Passing this up will not save you what you might expect. In this step, you want to consider how efficient the space is for your use and what needs to be done, or could be done, to improve it. This evaluation covers two perspectives:

A wish list for every modification now as well as down the road, and
A comprehensive evaluation of the pros and cons of the space.

Regarding the former, don’t underestimate the value of small changes to improve the culture/morale as well as efficiency of your space, and certainly don’t underestimate the willingness of the landlord to make significant changes. Regarding the latter, reconcile how much space you actually have versus how much you are paying for; recognize the better "feel" of an open floor plan environment with 9-10 foot high ceilings versus an area with 8 foot ceilings; note if you are in an older buildings where the heating unit takes up 10-15 inches of floor space; do you have your "share" of window space; the best or worst view; operable windows or problems with the heat or AC?

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Office Space Calculator

Is a SF Really a Square Foot

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