How to determine what office do we need?
Business decision to move the office of a company or to renew the lease is a complicated process and can have a significant impact on the results of the company, wrote in his blog "The Tenant Advisor" Who Davidson, senior vice president of Colliers International in Houston. The employment office is multi-process and making an informed decision on the necessary space required above all proper planning, he explains.
Omission of the planning phase leads to a number of common errors by office tenants such as the opening of negotiations too late, focusing only on financial details, missed opportunities and others. To make the best decision, it is important to set specific requirements for property through the assessment and prediction, before proceeding to a mirror.
Determine future needs
The decision to rent an office with three years or more should consider the medium to long-term business goals. For the preparation of a specific job areas will be necessary seek answers to questions like:
- Your business grows or shrinks?
- In what situation would you prefer to work?
- What type of employees will have in the future?
- What are your technological requirements in three years?
- You are considering acquiring or merging with other companies?
- What impact will removal have on customers and your employees?
- What are the values of the brand?
Turn Key Home employees who take decisions in the company
Make a team with the necessary skills for the project. You may also include experts in information technology, human resources and finance. They will be familiar with specific future trends that may affect your requirements and the final decision. Participation in the project from the outset will contribute to clarity and focus of the assignment. Identify project manager, to maintain contact with participants by the company with brokers and consultants.
Create job
Assignment begins with preparation of documents for office space requirements. They concern the growth forecasts, budget, standards, areas of the organization vision and goals, cost parameters.
Well designed job should summarize these elements and make them specific properties requirements. Assignment will accelerate decision-making. Will save you much time as you visit and browse only suitable properties.
Assignment also creates a framework for assessment and comparison of options. An important element of the preparation of the assignment is to review and analysis of the used space now, delivering a clear idea about what works and what does not.
What to include job?
Assignment should include a wide range criteria - size of space, number of employees (maximum and minimum), location, building services, security and access, technical requirements, communication infrastructure, environmental factors, rights to place signs marking, parking, hours preferences, the structure of the rental period, budget, duration, renewal, and other unique needs.
Consider how to arrange the factors in order of importance, because you may need to make some compromise depending on the available options. Each factor can be given value in points, more points means more important factor.
Get to know local market
At this stage you should familiarize yourself with the terms of the local office market and the existing obligations and responsibilities in the leases. Getting to know the levels of vacancy, demand forecasts, current rental rates and incentives offered to you in a better position to evaluate the various proposals.
Once you're familiar with their requirements, you are ready to continue with inspections and evaluation of properties that best meet the specific needs of the company.
Published on 2012-05-22 10:17:22
Source: Investor.bg
related news:
-
Bulgaria with the greatest decline in rental property business in the EU
Rents for commercial real estate in Bulgaria reported the largest decrease compared to other markets within the European Union (EU), according to a new report.
Study of the consulting firm Cushman & Wakefield,...
-
Investors expect the global property market to take up
The property market in different regions of the world will begin to grow in the coming 12 months, say investment experts participated in a global study by Colliers International in 2010 among the leading investors.
...
-
Primary housing in the U.S. rose more than expected
Construction companies in the U.S. have begun work on more homes than expected in March, and building permits issued reached 17-month high - a sign of growing confidence that sales will stabilize.
Primary housing...
-
Strong growth bids of British property in April
Greater demand from buyers of real estate market in the UK spring has led vendors to significantly raise the price of housing they offer.
The average bid price of housing increased by 2.6 percent compared to March...
-
Expected increase in demand for shopping centers in Britain
Although there are signs of a decline in demand for other types of real estate in Britain, a relatively large \"discounts\" available in the segment centers, will lead to further strengthening the demand for these...