You’ve got to let me know, should I stay or should I go?

Renew your current lease – Status Quo

• Does it still meet your business’ needs?
  • Is it the right size to meet your future headcount forecast, in the optimal location, close enough to your target customers etc.?
• Does it still communicate your core values and your business brand to both customers and staff?
  • The quality of the building and the quality (and type) of interior fit-out says a lot about your company. Your office will have an impact on recruitment and often is the first impression a customer gets when they are considering whether to do business with you.
• Does your office layout meet the needs of your staff?
  • Does your staff have access to the right variety of work settings to effectively perform their job? Is it too noisy, too crowded, too far from public transport or amenities? Ultimately, increases in staff morale lead to increases in staff productivity. Productivity, in turn, leads to increases in the bottom line financial performance of your business.
• Is the rent you will pay for the renewal term still within budget?
  • Your broker should be able to provide you with info on the market conditions. What you may expect to pay if you stay put, where savings may be found and the optimal strategy to get the best possible deal. Should you be lucky enough to find yourself in a “tenant’s market”, meaning a market where landlords are dropping rents, increasing incentives and offering more flexible terms, an office move would allow you to renegotiate your lease to remove unfriendly clauses, move to a better building and reposition your business in the market.

Renew and restack

Relocate

Consolidate

Split Operations