Comparison
Once research has been done on the market, and you’ve found several potential buildings ideal for your organization’s needs. It’s time to compare those offers.
Throughout this stage, it’s important to remember your priorities. What is critical, and what can you compromise on? The screening stage should be about where can my needs be met most efficiently and economically?
This stage is not as simple as a comparison of fixed rent per square foot.
Creating a Short List
Financials should not be the only consideration when creating a shortlist. In Myanmar, it’s very important to go through all possibilities with the Landlord. Including expansion and contraction costs and early termination of the contract. Depending on your Landlord’s response could mean the difference between making it on the shortlist.
Determine the costs of reconfiguring or completely refurbishing the workspace. What Tenant Improvements will be included in the lease agreement?
You should use your brief to compare the viable options.
Workspace Decisions
Once you’ve made a shortlist of 3 or 4 options, it’s time to bring in your workplace designer, they can provide key insight into the impacts of employee productivity, communication, and branding.
Your office space should help bring teamwork within each department and promote engagement and efficiency between departments.
Your workspace designer should conduct a design site audit of the three or four options, this will also help provide tenant improvement designs before signing a final agreement with the landlord making the process more smooth.
The workspace designer should complete the following services to help aid in decision making.
- Current tenant improvement audit
- What can be reused in the newly leased office
- Conduct site audits of each shortlist
- Prepare concept designs
- Provide an opinion of likely tenant improvement costs