Leasing for growing companies

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Get your business the space it deserves. @thesqft Leasing for growing businesses June 2015

Transcript of Leasing for growing companies

Get your business the space it deserves. @thesqft

Leasing for growing businesses June 2015

Agenda

1. Planning for growth2. Space options3. Leasing process4. The ugly five5. Signed, sealed, and delivered.

1. Brokers are salaried not commission.  Your happiness most important.

2. Tourbook and other technology to make make an awesome end-to-end experience.

3. Service and product partnerships to make move-in a breeze.

TheSquareFoot in 3 tweets

Planning for growth

- How many people on day 1? 18 months? 3 years?- Yes, I know it’s finger in the air.

- Do you keep hearing about 3-5 year leases?- This isn’t as scary as it sounds

Space options

- Coworking (WeWork, Techspaces, etc)- Shared Space (With a friend or PivotDesk)- Sublease- Traditional leases

Leasing proces

- How long before move-in should you start?- Search > Tour > Submit offers > Lease negotiations > Space prep

- The players- Tenant (that’s you!)- Landlord- Tenant broker- Landlord broker- Attorneys- Service and product providers

The ugly five

1. “Loss factor” - rentable vs usable square feet2. Security deposit3. Good Guy Guarantee4. Rent escalations5. Building charges

Getting your ducks in a row

- Financials / tax returns - Security deposit (LoC) - Real estate attorney - Designer / architect

Happy clients

Get your business the space it deserves. @thesqft

Leasing for growing businesses June 2015