Prudential Financial

Office Checklist

Use the following checklist to help you evaluate office space:

Location and accessibility for:
Clients/Customers
Vendors
Employees (including proximity to executive's residence)
Costs of occupancy:

Are all costs included in the rent?
  Parking for:
Clients/Customers
Vendors
Employees
  Appearance: What message will be sent to your customers? 
Interior
Exterior
Cleaning service:
Are cleaning services included?
   Elevator efficiency:  
If a high-rise, is the elevator system adequate?
Access to amenities:
Food service
Recreation facilities
Other: __________________
Office space appearance:
Carpet
Wall coverings
Dividers
   Tenant improvements:  
Is there an improvement allowance?
Efficiency of the space:
Private offices
Open offices

Little wasted space

Oversized offices


Tenants in multi-tenant space pay a pro rata rate share of common area space (halls, etc.) and some poorly designed or older building have a high percentage of such space (wide halls, atriums, etc.).

If you are buying an Office property (owner-occupant or investor) also consider:

  1. Income
  2. Expenses
  3. Mortgages
  4. Condition of roof (age)
  5. Condition of parking lot (ramp) and age
  6. Tenants (length, type, credit)
  7. Lease terms and conditions

Once you decide to sell or lease office space, a Commercial Services specialist will assist you every step of the way.