Occupier Outlook: Timing is everything when it comes to finding the right office space

Property costs are the most significant business expense behind salaries. Businesses must plan ahead to successfully manage lease events.

Property decisions should be closely aligned to core business strategy. Therefore, it is important to plan and be proactive rather than reactive around lease events such as break clauses and lease expiries. Acting early will optimise the number of options available and enhance your negotiating position. Failure to prepare leads to last minute decision making, and often means you could be forced into having to accept unfavourable terms.

This month, we are highlighting key milestones to think about when considering a new office acquisition.

We have outlined an acquisition timeline to help you think about what steps you need to take, and when, to acquire the right office space for you.

Click on the link below to take your next step with GL Hearn.

Office Acquisition Timeline