1.INVESTIGATE THE PREMISES
Spend as much time as possible familiarising yourself with the new site.
Then pull together all the costs including the unseen, yet essentials - engineering services, IT upgrades, building permit, fire service alterations, etc.
2.DECIDE IF IT’S WORTH IT
A tired fitout can be brought back to life with creativity and targeted upgrades.
But an old fitout that no longer meets your functional needs could end up costing more than a new fitout.
3.DON’T REINVENT YOUR COMPANY JUST TO FIT INTO SOMEONE ELSE'S LAYOUT
Sometimes a fit out will present beautifully, but the bones aren't right. While walls can be moved, make sure you are attracted to the right elements, and not just a designer kitchen.
4.INCENTIVES AND NEGOTIATIONS
Investigate all lease options with space of the same size. Be aware that incentives are lower for quality fitted space compared to non-fitted space. As in many cases, price is effected by supply and demand.
5.REVIEW THE DATA CABLING
If existing cabling is attractive, ask for the speed.
Cat 5 (category 5) and below is considered old and slow. Fitouts with cat 5 cables are likely to need an overhaul.
6.A MINOR OR MAJOR UPGRADE?
a. Minor scope upgrades include:
fresh paint, removal of key walls, new furniture, updated lighting and new signage.
b. Major works could cover:
new flooring, kitchen, breakout and other joinery areas and services upgrades or alterations - plumbing, electrical, fire, etc.
7.REQUEST LANDLORD UPGRADES
Base building finishes typically fall to the landlord to handle and can be good negotiating tools. Base building areas within the fitout tenancy include carpet (and other floor surfaces), lighting, ceiling tiles, a/c systems, paint, blinds and amenities.
8.IMAGINE THE PREMISES NAKED
If filled with current furniture, try to evaluate the base building condition. Find out or decide what furniture is staying and what is going before making your final decision.
9.FOCUS UPGRADES ON THE IMPORTANT AREAS
Decide which areas of the fitout are important to your company: reception and formal meeting spaces for first impressions? Or staff work spaces and amenities eg: lunch, breakout and informal meeting zones?
10.MAKE GOOD OBLIGATIONS
If you upgrade someone else’s old fitout, you should negotiate to minimise any make good requirements on your exit.
+ Property Search & Strategic Advice + Landlord/Tenant Guidance + Accommodation Strategy + Spatial Analysis & Test-Fits + Interior Design + Relocation Management