{"id":628,"date":"2019-02-03T09:18:30","date_gmt":"2019-02-03T14:18:30","guid":{"rendered":"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/?p=628"},"modified":"2019-01-23T13:30:14","modified_gmt":"2019-01-23T18:30:14","slug":"renew-or-relocate-guide-phase-1-planning","status":"publish","type":"post","link":"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/2019\/02\/03\/renew-or-relocate-guide-phase-1-planning\/","title":{"rendered":"Renew or Relocate Guide: Phase 1 &#8211; Planning"},"content":{"rendered":"<p>Markets fluctuate, employees multiply, new technologies emerge. One thing is certain: you need to make room for the future even if you can\u2019t predict it.<\/p>\n<p>Whether that means a moderate renovation or full-tilt relocation, these tips will help you start the discussion. So that if and when you decide to move (and even if you don\u2019t), you&#8217;ll know exactly what to expect.<\/p>\n<p><strong>Size Matters<\/strong><\/p>\n<p>The size of your company will determine both the time the move will take and the type of lease terms you\u2019re likely to get.<\/p>\n<p>Whether it takes 12 weeks or 12 months, your move can be split into three phases:<\/p>\n<h2><strong>Phase 1:\u202f<\/strong>Planning\u202f<strong>Phase | 2:\u202f<\/strong>Selection\u202f<strong>Phase |\u00a0 3:\u202f<\/strong>Buildout<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-638 alignleft\" src=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-12.jpg\" alt=\"\" width=\"484\" height=\"484\" srcset=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-12.jpg 1200w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-12-150x150.jpg 150w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-12-300x300.jpg 300w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-12-768x768.jpg 768w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-12-1024x1024.jpg 1024w\" sizes=\"auto, (max-width: 484px) 100vw, 484px\" \/><\/p>\n<p>I will share Phase 1 with you now.<\/p>\n<h2><strong>Phase 1: Plan your strategy\u00a0<\/strong><\/h2>\n<p>Your move strategy is about more than picking a new building. A real estate decision can affect every facet of your business: productivity, revenue, wellbeing, sustainability and future success.<\/p>\n<p><strong>What are your company\u2019s broader business objectives?\u00a0<\/strong><\/p>\n<p><strong>Which real estate decision will support those goals?\u00a0<\/strong><\/p>\n<p><strong>How fast is your growth rate? Do you need flexible terms?\u00a0<\/strong><\/p>\n<p><strong>What\u2019s your exit plan when the lease ends?\u00a0<\/strong><\/p>\n<p><strong>Who is your workforce and what is their work style?\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Assess your needs\u00a0<\/strong><\/h3>\n<p>It\u2019s hard to improve if you don\u2019t know where you stand. Identify inefficiencies in your current workspace, decide how the new space should function and present the plan to stakeholders.<\/p>\n<p><strong>How can operations improve?\u00a0<\/strong><\/p>\n<p><strong>What style of building suits you?\u00a0<\/strong><\/p>\n<p><strong>Enclosed office or small cube? How many square feet per employee?\u00a0<\/strong><\/p>\n<h3><strong>Tools to use<\/strong><\/h3>\n<p>Executive and programming questionnaire<\/p>\n<p>Get insight from leadership on the scope of the project and the function of the space. Questions may include:<\/p>\n<ul>\n<li>Rate the quality of your existing floorplan. How do you define quality?<\/li>\n<\/ul>\n<ul>\n<li>What do you want to prioritize most? Customer image? Cost? Recruiting new talent?<\/li>\n<li>How important are informal meeting areas?<\/li>\n<\/ul>\n<h3><strong>Commute analysis<\/strong><strong>\u00a0<\/strong><\/h3>\n<p>Traffic patterns affect your location strategy. Where do employees and prospective talent live, and how long is the average commute?<\/p>\n<h3><strong>Demographics analysis<\/strong><strong>\u00a0<\/strong><\/h3>\n<p>Conduct workforce research to figure out who will be using the space. Is your staff multigenerational? What are their needs?<\/p>\n<h3><strong>Headcount growth and space analysis<\/strong><strong>\u00a0<\/strong><\/h3>\n<p>How many executives do you have? Engineers? Sales? Project future headcount by staff level.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-652 alignright\" src=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-09.jpg\" alt=\"\" width=\"536\" height=\"536\" srcset=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-09.jpg 1200w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-09-150x150.jpg 150w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-09-300x300.jpg 300w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-09-768x768.jpg 768w, https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Ebbitt_Jan-09-1024x1024.jpg 1024w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/>Phase 1: Dangers to avoid<\/strong><\/h2>\n<p><strong>Taking too long to get started:\u00a0<\/strong><\/p>\n<p>Time is your biggest asset. Procrastinating in Phase 1 is perhaps the biggest mistake you can make when considering a move.<\/p>\n<ul>\n<li><strong>Lee Advantage:<\/strong>\u202fIt\u2019s never too early to start thinking about your occupancy plans. Kick off initial discussions no less than 6-9 months before your lease expires.<\/li>\n<\/ul>\n<p><strong>Not building internal consensus throughout the process:\u00a0<\/strong><\/p>\n<p>Many companies get ready to execute on a new lease only to have the deal go sour because they lack board approval or executive consent.<\/p>\n<ul>\n<li><strong>Lee Advantage<\/strong>: Avoid a late-stage veto by keeping the entire team informed with updated documents each step of the way.<\/li>\n<\/ul>\n<p><strong>Assuming you don\u2019t need to assess the market:\u00a0<\/strong><\/p>\n<p>Just because you plan to renew your lease doesn\u2019t mean you shouldn\u2019t look elsewhere. The biggest threat you can make to your landlord is a strong case for moving out. This is the last thing they want because they\u2019d be forced to make the space \u201cmarket ready,\u201d pay leasing commissions and carry the expense for vacant space.<\/p>\n<ul>\n<li><strong>Lee Advantage<\/strong>: Gain negotiating leverage by touring the market and understanding your options. Your landlord will work hard not to lose you.<\/li>\n<\/ul>\n<p><strong>Not exercising renewal options:\u00a0<\/strong><\/p>\n<p>Renewals without negotiations are dangerous. Why? Even in a stay-put scenario you may find future growth options within your building, need base building improvements, or simply want new paint and carpet in your space.<\/p>\n<ul>\n<li><strong>Lee Advantage<\/strong>: There are ways to protect your future flexibility in your lease: termination options (if you decide to leave), rights of first offer on adjacent suites (so that you have first dibs on new spaces in your building), and contraction rights (if your needs change and you\u2019re using less space).<\/li>\n<\/ul>\n<h2>Stay tuned for Phase 2: Selection<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Markets fluctuate, employees multiply, new technologies emerge. One thing is certain: you need to make room for the future even if you can\u2019t predict it. Whether that means a moderate renovation or full-tilt relocation, these tips will help you start the discussion. So that if and when you decide to move (and even if you don\u2019t), you&#8217;ll know exactly what to expect. Size Matters The size of your company will determine both the time the&#8230;<\/p>\n","protected":false},"author":11,"featured_media":664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,7,6],"tags":[10,19,9,25,21,8,11],"class_list":["post-628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-tips","category-new-location-moving-tips","category-selecting-moving-tips","tag-amenities","tag-business","tag-business-tips","tag-lease","tag-market","tag-new-office","tag-office-location"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Office Renew or Relocate Tips - Phase 1 | Mike Ebbitt<\/title>\n<meta name=\"description\" content=\"Whether that means a moderate renovation or full-tilt relocation, these Office Renew or Relocate Tips will help you start the discussion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/2019\/02\/03\/renew-or-relocate-guide-phase-1-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Office Renew or Relocate Tips - Phase 1 | Mike Ebbitt\" \/>\n<meta property=\"og:description\" content=\"Whether that means a moderate renovation or full-tilt relocation, these Office Renew or Relocate Tips will help you start the discussion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/2019\/02\/03\/renew-or-relocate-guide-phase-1-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"Office Specialty Group Dallas\/Fort Worth\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-03T14:18:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/team.lee-associates.com\/officespecialtygroupdfw\/wp-content\/uploads\/sites\/7\/2019\/01\/Blog-01_Picking-a-building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1313\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mebbitt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@teamadmin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mebbitt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/team.lee-associates.com\\\/officespecialtygroupdfw\\\/2019\\\/02\\\/03\\\/renew-or-relocate-guide-phase-1-planning\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/team.lee-associates.com\\\/officespecialtygroupdfw\\\/2019\\\/02\\\/03\\\/renew-or-relocate-guide-phase-1-planning\\\/\"},\"author\":{\"name\":\"mebbitt\",\"@id\":\"https:\\\/\\\/team.lee-associates.com\\\/officespecialtygroupdfw\\\/#\\\/schema\\\/person\\\/a823cb5221c20f96a1b84ded373dcd38\"},\"headline\":\"Renew or Relocate Guide: Phase 1 &#8211; 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