Performant Real Estate Property
Unlock your business’s potential with expert insights into market trends and property optimization.
Is your lease expiring or do you have a break option coming up? Are you considering adapting your office to the new hybrid working models or aligning your space with evolving business goals? Whether you're expanding, contracting, or simply exploring new market opportunities, office relocation or restructuring can be a complex but rewarding process. This guide will navigate you through the crucial steps to align your office environment with your business strategy, turning challenges into opportunities for growth.
Do your homework
Understand your business needs
- Evaluate how your real estate decisions impact your financial health and align them with broader company objectives.
- Key actions include: Analyse growth trends, flexibility needs, and potential exit strategies for your business.
- Assess your team's workplace dynamics, including hybrid or in-office models, to develop a tailored office strategy. Determine the functional requirements for your new workspace.
Recommended Tools:
- Employee feedback surveys
- Space utilization tracking software
- Office space calculators
Define your roadmap
Plan your scenarios, consolidate, and decide
- Plan and evaluate scenarios to optimise your real estate strategy: define viable office location scenarios and model their impact on your P&L and cash flow.
- Compile findings in a detailed business case report with KPIs to monitor project success.
- Secure leadership buy-in for your selected strategy.
Recommended Tools:
- Financial modelling software
- Commuter analysis tools
- Test-fit layouts
Select a Broker
Integrate market intelligence
- Leverage market intelligence for a competitive advantage: develop a strategic brief outlining your specific needs.
- Choose an experienced real estate advisor with in-depth industry knowledge to navigate the market and negotiate favourable terms.
- Stay informed on real estate market trends to make data-driven decisions.
Recommended Tools:
- Briefing templates
- Broker evaluation checklists
- Market trends dashboards
Define the short-list of possible options
Market engagement & negotiation
- Engage with the market and refine your choices: initiate your market search using a comprehensive strategy and a detailed brief.
- Conduct site visits, evaluate potential spaces, and shortlist the best options.
- Negotiate lease terms, focusing on value and conducting thorough due diligence.
Recommended Tools:
- Digital RFP platforms
- Space comparison tools
- Due diligence checklists
Secure the Right Option
Enable your business
- Set your business up for success with a seamless transition: update your financial models and evaluate them against your KPIs.
- Obtain executive approval for the chosen option.
- Work closely with your broker and legal advisors to finalize agreements and ensure compliance.
Recommended Tools:
- Decision-making software
- Negotiation playbooks
- Legal compliance software
This guide ensures each phase of your office relocation is executed efficiently and strategically, providing your business with a clear roadmap and actionable tools for success.
