A survey taken among members of the International Tenant Representative Alliance (ITRA Global) yielded surprising results: the number one mistake companies make in the facility acquisition process is NOT ALLOWING ENOUGH TIME.
Collectively, ITRA Global members have an average of 20+ years of tenant representation experience, advising international, national and local commercial tenants in hundreds of leases totalling millions of square feet. This vast experience has shown that facility research, property inspections and comparison analysis can usually be completed in a week or so by motivated companies already familiar with the local market. However, those tasks are only the first steps in a potentially long process. Assuming the space is not going to be occupied in as-is condition, which is possible but rare, several commonly overlooked complications should be factored into the relocation timeline:
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