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Space Value

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If you're in the market for new office space, take someadvice from an expert. Jack Gold, president of Sterling ManagementLLC, a New York City relocation consulting firm, suggests sometips:


*Determine how much space you need. Don't guess or estimate;mistakes in this area can be extremely expensive.


*Establish a budget both for the space (your rent) and for yourmoving and other relocation expenses.


*When considering a facility, find out what the rentable space isvs. the usable space. The rentable space is what you'll payfor; the usable space is the functional room you'll have.Typically, you'll pay rent for space you can't really use,including hallways, restrooms, lobbies, elevator shafts andstairwells.


*Find out about the building's power supply. Older buildingsmay not have adequate electrical power to operate computers, airconditioners and other equipment.


*Ask about building service and access. During what hours areservices provided? Many buildings turn off air conditioners andheaters at night. Will you have late-night or weekend access ifnecessary?

If you're overwhelmed by the relocation process, considerhiring a consultant. An expert will likely make the process go muchmore smoothly, allowing you to focus on running your company.

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