CLEARLY DEFINE GOALS

• Operational objectives: Does the current space meet function needs and maximize utilization of space? What is the current cost per square foot per employee?
• Workplace objectives: Are employees satisfied with current location and will it attract further talent? Does space provide suitable amenities and technology services?
• Financial objectives: Have you leveraged the market to ensure you're getting the most attractive lease arrangement?

FULLY UNDERSTAND LEASE TERMS

• What is the current total cost including base rent, escalations, utilities and any additional costs? How much will this increase upon renewal?
• What items in the lease affect the bottom line besides base rent?
• Does the lease provide flexibility for economic shift?
• Are future growth expectations accounted for in the current lease agreement?

RENEW LEASE OR SEARCH FOR NEW SPACE

• Is there a single point of contact within the organization?
• Are there current or upcoming availabilities in the market?
• Is an exit strategy accounted for?
• Has a professional advisor been consulted to assist in cost saving and negotiation strategies?