Renegotiation or relocation? are pluses and minuses
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Aesop According to statistics, in the first half of renegotiations and renewals of contracts accounted for 36% of the total area transacted, thus ending 17 transactions with a total area of over 37,000 square meters, well above the same period last year when have completed 10 transactions with an area of over 17,400 sqm.
Share renegotiations grew pretty much in total transactions since 2012. According to data provided by DTZ Wall Street.ro if in 2010 and 2011 renegotiations and renewals accounted for under 20% of the total activity in the office market in 2012, the percentage rose to over 30%.
Relocations were also substantial in the first half. Over 66,000 sqm of offices were subject to relocation transactions, of which approximately 14,300 sq.m. were generated by "new application" of the market (21%), statistics show Aesop.
"We constellation brands careers can not say that there is a standard in renegotiations or extensions of leases of office space. In most cases, customers get competitive commercial offers. Renegotiation process is a complex one in which most of the tenants or their consultants or financial analyzes more versions of office buildings, calculating constellation brands careers compared both rent and relocation costs and a renegotiation if the latter is canceled. Upon expiry of the contract the tenant often examines two possible constellation brands careers options: renegotiation or relocation and compare properties similar in terms of local infrastructure, real estate development and building efficiency (floor area,% common spaces, technical equipment). renewal may be viable when the company needs do not require constellation brands careers large areas that are not in the current building dispobile or when no company is satisfied with the current building in which is located, "said Madalina Cojocaru, Head of Office Department at DTZ.
"Renewal constellation brands careers of the contract is a viable option when the company needs do not require changes in terms of image and quality standards. Leased Area may be limited or extended contract at the end of each cycle, the extent to which there are of course available space in that building, "said Aesop consultants.
On the other hand, "alternative of relocating to a new space is preferred constellation brands careers by companies when they want to achieve significant cost optimization or comfort, image, position in the market today there are so locations with very competitive rents, and spaces of a much higher constellation brands careers quality than those developed 3-5 years ago. Relocation is sometimes useful in the life of a company that re-energize the team, give a new tone, resettles some departments and sometimes it is even recommended when a company spent a longer period in a particular office (given that there is in market a number of buildings higher constellation brands careers generation) "Aesop officials say, adding that most relocations aimed more comfort for employees, greater closeness of a subway or air conditioning system more efficient, more features in the building or in area.
"There is no standard answer as to what is best: relocation or renegotiation, or are the costs of relocation or resettlement negociere.Costurile to depend heavily constellation brands careers on the characteristics of particular space - the existing level of decoration, and the size of the company as scope of the relocation constellation brands careers of equipment, furniture, archives. In our experience, their level varies greatly between the equivalent of a months rent peaking at 6 months of rent ", officials say Real Time.
May. An enhanced relationship with the owner of the space that is perpetuated in good condition if it is agreed negotiation (both sides have won). However, if the relationship with the owner did not go in the best conditions during contract advisable to consider the relocation, officials constellation brands careers say RealTime.
Three. constellation brands careers If you decrease the number of employees, existing space may be too high, and even a bargain downward rent per sqm is not effective from the point of view of the company's costs.
"In order to calculate an average decrease, we started from the effective average rents in 2008, we indexed each year with MUICP. constellation brands careers On these I c
Quizzes Product Wall Street Journal Wall Street Lunch My Top business on the move Transform constellation brands careers IT Business Profile Emblem Wall Street Lunch buildings in Romania Romania Romania Trade Exchange Online Discover war in my rack your new Office Business All About Offshore A place holiday, a manager EcoBusiness New Generation in Business
Aesop According to statistics, in the first half of renegotiations and renewals of contracts accounted for 36% of the total area transacted, thus ending 17 transactions with a total area of over 37,000 square meters, well above the same period last year when have completed 10 transactions with an area of over 17,400 sqm.
Share renegotiations grew pretty much in total transactions since 2012. According to data provided by DTZ Wall Street.ro if in 2010 and 2011 renegotiations and renewals accounted for under 20% of the total activity in the office market in 2012, the percentage rose to over 30%.
Relocations were also substantial in the first half. Over 66,000 sqm of offices were subject to relocation transactions, of which approximately 14,300 sq.m. were generated by "new application" of the market (21%), statistics show Aesop.
"We constellation brands careers can not say that there is a standard in renegotiations or extensions of leases of office space. In most cases, customers get competitive commercial offers. Renegotiation process is a complex one in which most of the tenants or their consultants or financial analyzes more versions of office buildings, calculating constellation brands careers compared both rent and relocation costs and a renegotiation if the latter is canceled. Upon expiry of the contract the tenant often examines two possible constellation brands careers options: renegotiation or relocation and compare properties similar in terms of local infrastructure, real estate development and building efficiency (floor area,% common spaces, technical equipment). renewal may be viable when the company needs do not require constellation brands careers large areas that are not in the current building dispobile or when no company is satisfied with the current building in which is located, "said Madalina Cojocaru, Head of Office Department at DTZ.
"Renewal constellation brands careers of the contract is a viable option when the company needs do not require changes in terms of image and quality standards. Leased Area may be limited or extended contract at the end of each cycle, the extent to which there are of course available space in that building, "said Aesop consultants.
On the other hand, "alternative of relocating to a new space is preferred constellation brands careers by companies when they want to achieve significant cost optimization or comfort, image, position in the market today there are so locations with very competitive rents, and spaces of a much higher constellation brands careers quality than those developed 3-5 years ago. Relocation is sometimes useful in the life of a company that re-energize the team, give a new tone, resettles some departments and sometimes it is even recommended when a company spent a longer period in a particular office (given that there is in market a number of buildings higher constellation brands careers generation) "Aesop officials say, adding that most relocations aimed more comfort for employees, greater closeness of a subway or air conditioning system more efficient, more features in the building or in area.
"There is no standard answer as to what is best: relocation or renegotiation, or are the costs of relocation or resettlement negociere.Costurile to depend heavily constellation brands careers on the characteristics of particular space - the existing level of decoration, and the size of the company as scope of the relocation constellation brands careers of equipment, furniture, archives. In our experience, their level varies greatly between the equivalent of a months rent peaking at 6 months of rent ", officials say Real Time.
May. An enhanced relationship with the owner of the space that is perpetuated in good condition if it is agreed negotiation (both sides have won). However, if the relationship with the owner did not go in the best conditions during contract advisable to consider the relocation, officials constellation brands careers say RealTime.
Three. constellation brands careers If you decrease the number of employees, existing space may be too high, and even a bargain downward rent per sqm is not effective from the point of view of the company's costs.
"In order to calculate an average decrease, we started from the effective average rents in 2008, we indexed each year with MUICP. constellation brands careers On these I c
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