Atlanta, GA
BOMA
Space Measurement Standard
Space Unit of Measure
USD
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Financial Data Currency
No
Transfer Taxes
Office Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for skilled office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for office space. Source: Colliers
Typical Loss Factor
15%From rentable to useable square feet
Loss Factor Notes:
single tenant 15%; multi tenant 18%Landlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
$25/sf-$65/sfTypical range of fit-out contribution.
Fit-Out Cost Notes:
for a new lease = $4 per foot per lease yearRent-Free Period
Standard Range of Rent-Free Months
3mo.-5mo.Typical number of rent-free months.
Payment of Fees/Commissions
Lease Provisions
Lease Term
3yrs.-5yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
$8/sf-$13/sfEstimated range for all additional charges per Square Feet.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
Cost: not typical, but if so, unamortized costs plus a penalty.Workplace
Regional Office Space
150sf-250sfTypical Square Feet per employee (includes office square footage for employees and contractors).
Regional HQ Office Space
150sf-200sfTypical Square Feet per employee (includes office square footage for employees and contractors).
Desk Sharing
Industrial Occupier Market Condition
Occupier Market Conditions – How conducive is the regulatory environment to starting and operating a business. Source: Colliers
Labor Cost – Wages for manuafacturing and warehouse/distribution office workers. Source: City Globe and Colliers
Tenant Favorable – Assessment of the real estate market condition for industrial space. Source: Colliers
Landlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
$2/sf-$5/sfTypical range of fit-out contribution.
Rent-Free Period
Standard Range of Rent-Free Months
1mo.-3mo.Typical number of rent-free months.
Payment of Fees/Commissions
Lease Provisions
Lease Term
3yrs.-5yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
$0.7/sf-$0.9/sfEstimated range in total for all additional charges per Square Feet.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Statutory Subletting/Assignment
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Early Termination Notes:
Cost: not typical, but if so, unamortized costs plus a penalty.Project Management
Section 1. Fit Cost Data
Carpet, furniture, lighting
Total Fit-Out Cost
Class A Office
Class B Office
Flex Office / Warehouse
Warehouse
Total Fit-Out Cost Notes:
The fit-out cost refers to the total cost of design, construction, and installation for a space. It includes categories such as materials, labor, furniture, fixtures, equipment, finishes and other related costs. The specific factors influencing the total fit-out cost can vary widely depending on the project scope, location, size of the space, quality of materials, and complexity of design.Furniture Cost
Class A Office
Class B Office
Low Voltage Cabling Cost
Class A Office
Class B Office
Low Voltage Cabling Cost Notes:
These costs are included in the Total Fit-Out costs.Other (IT/etc) Cost
Class A Office
Class B Office
Construction to Move-in Cycle Time
Class A Office
Class B Office
Section 2. Scope of Work Description
Phase 1: Services Before and During the Transaction
Phase 2: Service Before and During the Design Process
Phase 3: Services Before Construction
Phase 4: Services During Construction
Additional Services: Services During Relocation
Additional Services: Project Management Services Related to Furniture/Workstation Procurement
Human Capital
Wage Inflation
Rise in wages (past 5 years, local currency)
High School Education Equivalent
Proportion of population attaining this level
University Education Equivalent
Proportion of population attaining this level
Overall Education
Composite average of High School & University
Human Capital Composite