Lease Breaks
Exercising a Commercial Lease Break on Your Office
Lease breaks usually occur between 3-5 years of lease-signing, providing a great opportunity to review your organisational strategy against your current workplace.
Deciding whether to remain in your office or relocate to a new one requires careful consideration as to whether your current office supports your growth trajectory, employee productivity and long-term commercial objectives.
Depending on your business requirements, you may choose to relocate to a more suitable space, refurbish your current office or take no further action.
Stay vs Go checklist
Use this tool to quickly assess whether your current office still supports your business and whether staying, refurbishing or relocating deserves further investigation.
In a few minutes, you’ll have a clearer picture of your current position, challenges and insights to take into internal discussions.
To download the Stay Vs. Go checklist, please provide some contact details. The checklist will be emailed to you.
Stay vs Go
Deciding the ideal lease break strategy is unique to each business and its requirements, and depends on a few factors:
Headcount
Is there enough space to comfortably accommodate planned changes in the number of employees?
Location
Is your office located where clients expect to find you, or where employees can easily commute to?
Internal Design
Does the current configuration accommodate flexible working patterns, including collaborative zones and individual focused areas?
Rental Value
Are your rental costs providing good value for money in your current building, in comparison to the local and wider area?
Environmental Sustainability
Are the energy systems of your office building compliant with changing regulations or reflective of your ESG goals?
Insights
Should You Stay or Go? Five Factors to Consider Before Exercising a Lease Break
FAQ
Navigating Your Lease Break with Cityspace
Cityspace has been delivering office design and build projects for over 37 years, offering a complete fit-out solution including property search, building evaluation, interior design, space planning and construction management.
We help our clients navigate lease break decisions by assessing how the workplace supports commercial objectives, team growth and the attraction and retention of the very best talent. From there, we deliver the solution that best supports both business objectives and employee needs.
If you’re ready to begin planning for your company’s lease break, contact us for an initial consultation.
