Office Space Requirements
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Office Space Requirements
After selecting the general location or submarket for your office space, you need to consider prospective locations that fit your criteria. Make sure both you and your tenant rep broker understand your criteria. For example, if you are seeking the luxurious office space with an incredible view for less than $10 per square foot, it's not likely to happen. Following are some other criteria that need to be determined prior to identifying buildings that are options for your office space:
- Total amount of office space (square feet)
- Amount of contiguous office space
- Building quality
- Target rent per square foot
- Monthly budget for office space
- Conceptual layout
- Amenities
- Parking
- Term of lease
- Ingress and egress
- Signage
- Amount of parking
- Type of rental rate (gross, modified gross, NNN, etc)
In most cases, the amount of office space and the amount of contiguous office space will be the same. However, in some cases, the space requirement will exceed what is available in a contiguous block of space. In this scenario, you should select the amount of space which must be contiguous prior to identifying office space options.
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