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Canalwood Commons, 2949 Erie Boulevard East, Suite 106, Syracuse, NY 13224
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Office Relocation Tips from Greenwood Realty
Five Steps for Successful Office Relocation
Initial Analysis
Choosing Alternatives
Comparison and Evaluation
Negotiations
Construction and Occupancy

One of our Fine Commercial Properties - Greenwood Realty
  1. Initial Analysis

    Choose a Brokerage Firm

    Review Current Status
    • Expansion Needs
    • Lease Expiration
    • Current working budget

    Set Requirements and Objectives
    • Square Footage: Current and Projected Growth
    • Location: Downtown and Suburban
    • Time Frame: Occupancy Date, Lease Duration
    • Financial: Preliminary Budget
    • Work Flow and Layout
    • Features: Environment, Quality, Amenities, Access, Security, Parking, Etc...
    • Management Concerns
    Select Broker
    • Office Specialist
    Set Strategy and Criteria
  2. Choosing Alternatives

    Market Assessment
    • Trends, Supply and Demand, Vacancy, Absorption, Rents, Recent Deals, Concessions, Etc...
    • Accurate Perception of Market
    Overview
    • All logical alternatives in detail (brochures, maps, building specifications)
    Inspection Tours
    Proposal Requests
    Landlord Proposals
    • Business, Terms, Workletter, Sample Lease Floor Plan
    Select
    • Locations
    Preliminary Space Plan

  3. Comparison and Evaluation

    Physical Analysis
    • Quality: Configuration, Finish, Lobby, Elevators
    • Floor Size: Configuration, Adaptability, Views
    • Tenant Improvement Package / Workletter: Lighting, Doors, Ceiling, Height, Carpet, Wall covering, Etc..
    • Mechanical systems: Heating and Air Conditioning, Engineering, Evaluation
    • Ownership
    • Management: On-site, Off-site
    • Amenities: Parking, Access, Transportation, Restaurants, Security, Etc...
    Financial Analysis
    • Rents: Effective, Rentable versus Usable, Escalations
    • Operating Expenses
    • Quality Value: Concessions, Allowance, Above Standard, Improvements, Lease Takeover
    • Options: Renewal, First Right of Refusal, Expansion
    • Sub Leasing Rights
    Final Review, Selection
    • Pre-approved by Senior Management

  4. Negotiations

    Preliminary Estimates on Construction Costs
    Negotiate Business Terms
    Execute a Letter of Intent
    • Summarizes Agreement
    Negotiate Business Terms
    Settle on Space Plan
    Review Lease, Negotiate Terms
    Final Management Approval
    Lease Execution

  5. Construction And Occupancy

    Landlord's Architect Prepares Drawings, Obtains Permits
    Negotiate Business Terms
    Furniture, Telephone, Equipment Ordered
    Space Construction
    • Planner Monitors Build-out with Broker
    Occupancy
    • Furniture, Equipment, Accessories
    • Follow-up "Punch" List

    Office Opens
Use this checklist as a guide for your steps in relocating. For further and more personal assistance, please call Tom Greenwood at 315-432-8100 or email at tom@gcir.com.
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EMAIL: tom@gcir.com
PHONE: (315) 432-8132   FAX: (315) 432-9100