When Should You Start Looking for Space?
Leasing Tips August 4th, 2007Permitting and construction delays, negotiation hurdles, holidays, tight supply are just some of the reasons why it is crucially important for Tenant’s to engage the services of a broker early on in the process of leasing or purchasing space for their business.
By waiting too long to start the process, a company could be limiting its options: rental rates could be higher and the number of spaces available might be limited. Based on a tenant’s size, we recommend engaging a broker within the following timeframes.
| Space Size in SF | Time Table |
| 1,000 - 5,000 | 3-6 Months |
| 5,001 - 10,000 | 4-9 Months |
| 10,001 - 20,000 | 6-10 Months |
| 20,001 - 50,000 | 8-15 Months |
| 50,001 - 100,000 | 15-24 Months |
| 100,001 + | 24+ Months |
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