The Leader Magazine

SEP 2016

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16 SEPTEMBER 2016 F E A T U R E A R T I C L E by Paula Crow B usiness grows. Business shrinks. The workforce needs to grow there The workforce needs to grow there and not here. Workspace size per employee reduces, but the workspace configuration opens up. Plan carefully, but configuration opens up. Plan carefully, but configuration opens up. Plan carefully, but configuration opens up. Plan carefully, but be prepared for change. The best way to provide for the inevitable changes in your company's space needs is to build options into your commercial leases: options to extend, options to expand, options to contract, and options to terminate. Following is a and options to terminate. Following is a brief overview of the various options you brief overview of the various options you may want to include in your leases, some of the issues you will encounter in nego- of the issues you will encounter in nego- tiating these rights, and how to position your company to have the best chance of securing the flexibility it needs. securing the flexibility it needs. securing the flexibility it needs. securing the flexibility it needs. a s a tenant in a commercial lease, it's good to have options

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