Want to rightsize or downsize your space?
If your firm wants to reduce its square footage, typically we can restructure your lease and reduce your total occupancy costs or relocate you to the rightsized space at a minimal cost. Additionally, Rare Space can help you evaluate lease terminations and subleasing options.
Our process for space contractions is as follows:
First, we will do a client interview, review their existing space and determine future space needs.
Following that, we set goals for the work we will perform and jointly develop a real estate strategy.
Rare Space will provide an overview of the process and detail the steps that will be taken.
Rare Space will search our proprietary 500 million square foot database and present all of the options to the client. Additionally, we will highlight our top 10 buildings to consider.
We will tour the client through 4-6 buildings per day until 3 contenders are identified.
Jointly, we will develop proposals for the 3 spaces and begin negotiating the terms of the deal.
Rare Space will do a financial analysis of the proposal responses and draft counter proposals, as needed, to reach mutually acceptable terms.
Once a space is selected, Rare Space can manage the lease or purchase document, coordinate the architect, GC’s and others to get the space ready for occupancy.