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Scotty Land

Download Flexible Workplace Report

BOMA


Space Measurement Standard
SQMT
SQFT

Space Unit of Measure

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Financial Data Currency[1]

Yes


Transfer Taxes

Office Occupier Market Condition

1,1,1,1

Ease of Doing Business – How conducive is the regulatory environment to starting and operating a business. Source: The World Bank, Doing Business – 2018

Labor Cost – Wages for “Knowledge Workers”. Source: Trading Economics.com, OECD Wage Report, Colliers International

Taxes – Favorability of taxation policies to business. Source: The World Bank, Doing Business – 2018

Tenant Favorable – Assessment of the real estate market condition. Source: Colliers International

Quadrant Legend: Green = Favorable Yellow = Neutral Red = Less Favorable

Typical Loss Factor

10%

From rentable to useable square feet

Loss Factor Notes:

Test notes are written here.

Landlord Concessions

Fit-Out Concession

The Landlord typically provides a contribution or concession to fit-out as a part of the lease transaction.

Amount of Fit-Out Concession

$20/sf-$40/sf

Typical range of fit-out contribution.

Fit-Out Cost Notes:

This is a note that will show up for the fit out contribution.

Rent-Free Period

The Landlord typically provides a contribution or concession in the form of a rent-free period.

Standard Range of Rent-Free Months

5mo.-10mo.

Typical number of rent-free months.

Payment of Fees/Commissions

The Landlord typically pays the tenant rep broker’s fee.

Lease Provisions

Lease Term

5yrs.-10yrs.

Typical lease term in years.

Lease Term Notes:

This is a note!

Operating Expenses & Service Charges Included

Quoted market rent typically does not include operating expenses (service charges). There are additional charges that apply to leasing space.

Additional Charges

$500/sf-$800/sf

Estimated range for all additional charges per Square Feet.

Additional Charges:

Utilities
Service Charges
Stamp Duty
Electric
Rates
HST
Cleaning
Hydro
Registration Fees
Taxes
Insurance
VAT
Other

Service Charge Notes:

Test Notes

Lease Fundamentals: The following apply to both office and industrial leases.

Lease Execution Requirements:

Typical upfront requirements
None for strong credit tenants
Upfront rental payment
Security deposit
Corporate guarantee
Not Applicable

Requirements Notes:

Testing only. Please ignore details written here.

Negotiated Subletting/Assignment

Typically, the tenant's right to sublease or assign the space is negotiated in the lease agreement.
Landlord Consent: Typically, the landlord's written consent is NOT required.

Statutory Subletting/Assignment

This is NOT a statutory right.
Landlord Consent: The Landlord's consent is NOT required.

Statutory Subletting/Assignment Notes:

Testing only. Please ignore details written here.

Blend & Extend Strategies

Typically, a tenant can take advantage of "blend & extend" ("forward renewal", "early renewal", etc.) strategies when the appropriate market conditions exist.

Blend & Extend Notes:

Testing only. Please ignore details written here.

Statutory Early Termination

This is NOT a statutory termination right.

Negotiated Early Termination

It is NOT typical for tenants to be able to negotiate an early termination right in the lease agreement.

Typical Cost to Terminate Early

$800

Typical cost to terminate early.

Early Termination Notes:

Testing only. Please ignore details written here.

Obligations Upon Lease Expiration

Basic broom clean condition and removal of special installations.
Dilapidations.
Complete restoration to shell.
Other

Tenant Obligation Notes:

Testing only. Please ignore details written here.

Workplace

Regional Office Space

6sf-25sf

Typical Square Feet per employee (includes office square footage for employees and contractors).

Regional HQ Office Space

8sf-28sf

Typical Square Feet per employee (includes office square footage for employees and contractors).

Workplace Notes:

This is a note

Scotty Land is a leading market in this category.

I am also a note for the above question/survey.

Desk Sharing

Desk-sharing is not a common practice in the market.

Desk Sharing Average

4

Average headcount per workstation.

Desk Sharing Notes:

This is a note for desk sharing.

Urbanization of the workforce is: A major factor driving location decisions

The quick brown fox jumps over the lazy dog.

Landlord Concessions

Fit-Out Concession

The Landlord typically provides a contribution or concession to fit-out as a part of the lease transaction.

Amount of Fit-Out Concession

$5/sf-$10/sf

Typical range of fit-out contribution.

Rent-Free Period

The Landlord typically provides a contribution or concession in the form of a rent-free period.

Standard Range of Rent-Free Months

30mo.-40mo.

Typical number of rent-free months.

Payment of Fees/Commissions

The Landlord typically pays the tenant rep broker’s fee.

Payment of Fees/Commissions Notes:

Test this field.

Lease Provisions

Lease Term

6yrs.-12yrs.

Typical lease term in years.

Operating Expenses & Service Charges Included

Quoted market rent typically does not include operating expenses (service charges). There are additional charges that apply to leasing space.

Additional Charges

$45/sf-$65/sf

Estimated range in total for all additional charges per Square Feet.

Additional Charges:

Utilities
Service Charges
Stamp Duty
Electric
Rates
HST
Cleaning
Hydro
Registration Fees
Taxes
Insurance
VAT
Other

Lease Fundamentals: The following apply to both office and industrial leases.

Lease Execution Requirements:

Typical upfront requirements
None for strong credit tenants
Upfront rental payment
Security deposit
Corporate guarantee
Not Applicable

Requirements Notes:

Testing only. Please ignore details written here.

Negotiated Subletting/Assignment

Typically, the tenant's right to sublease or assign the space is negotiated in the lease agreement.
Landlord Consent: Typically, the landlord's written consent is NOT required.

Statutory Subletting/Assignment

This is NOT a statutory right.
Landlord Consent: The Landlord's consent is NOT required.

Statutory Subletting/Assignment Notes:

Testing only. Please ignore details written here.

Blend & Extend Strategies

Typically, a tenant can take advantage of "blend & extend" ("forward renewal", "early renewal", etc.) strategies when the appropriate market conditions exist.

Blend & Extend Notes:

Testing only. Please ignore details written here.

Statutory Early Termination

This is NOT a statutory termination right.

Negotiated Early Termination

It is NOT typical for tenants to be able to negotiate an early termination right in the lease agreement.

Typical Cost to Terminate Early

$65

Typical cost to terminate early.

Early Termination Notes:

Testing only. Please ignore details written here.

Obligations Upon Lease Expiration

Basic broom clean condition and removal of special installations.
Dilapidations.
Complete restoration to shell.
Other

Tenant Obligation Notes:

Testing only. Please ignore details written here.

Section 1. Fit Cost Data

Value-Added Opportunities:

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Total Fit-Out Cost

$2000/sf

Class A Office

$1000/sf-$3000/sf

Class B Office

$500/sf-$800/sf

Class C Office

$3/sf-$90/sf

Flex Office / Warehouse

$40/sf-$100/sf

Warehouse

Total Fit-Out Cost Notes:

total fit out costs more than my life

Furniture Cost

$30/sf

Class B Office

$5/sf-$8/sf

Class C Office

$40/sf-$50/sf

Flex Office / Warehouse

$230/sf-$450/sf

Warehouse

Furniture Cost Notes:

i didn't answer some of these to see how they show up

Low Voltage Cabling Cost

$1/sf-$7/sf

Class A Office

$5/sf-$10/sf

Class B Office

$5/sf-$8/sf

Class C Office

$3/sf-$80/sf

Flex Office / Warehouse

$50/sf-$100/sf

Warehouse

Low Voltage Cabling Cost Notes:

Test note only. Please ignore this portion. Scotty Pepper is a dinosaur.

Floor Covering Cost

$15/sf-$25/sf

Class A Office

$10/sf

Class B Office

$5/sf-$8/sf

Class C Office

$5/sf-$10/sf

Flex Office / Warehouse

$6/sf-$12/sf

Warehouse

Floor Covering Cost Notes:

Test Note

Partitioning Walls Cost

$10/sf-$30/sf

Class A Office

$8/sf-$12/sf

Class B Office

$5/sf-$8/sf

Class C Office

$5/sf-$14/sf

Flex Office / Warehouse

$2/sf-$8/sf

Warehouse

Partitioning Walls Cost Notes:

Nothing up there. Just notes.

Other (IT/etc) Cost

$4/sf-$10/sf

Class A Office

$2/sf-$8/sf

Class B Office

$5/sf-$8/sf

Class C Office

$4/sf-$39/sf

Flex Office / Warehouse

$4/sf-$9/sf

Warehouse

Other Cost Notes:

Test Note!

Construction to Move-in Cycle Time

4wks-10wks

Class A Office

5wks-8wks

Class B Office

5wks-8wks

Class C Office

10wks-20wks

Flex Office / Warehouse

2wks-10wks

Flex Office / Warehouse

Cycle Cost Notes:

didn't input some figures to see what would show up

Typical Manpower Hourly Rates

$17/hr

Programme Manager

$40/hr

Senior Project Manager

$49/hr

Project Manager

$49/hr

Junior Project Manager

$60/hr

Project Assistant

$187/hr

Workplace Consultant

$49/hr

Designer/Architect

$28/hr

Real Estate Expert

Manpower Rates Notes:

left some blank to see what will happen

Project Management Base Fee

20%

Base fee [%] for the fitout of above office of 1000 m2.

Base Fee Notes:

my base fee is a gajillion dollars

Section 2. Scope of Work Description

Phase 1: Services Before and During the Transaction

Review the LOI and work letter portion of the Lease to ensure that the clients interests are protected during the build-out of the project.
Typically included in "Project Management" scope of work.
Typically included in “Design/Build” scope of work.
Advise Colliers broker and client on project issues and their resolution as they occur.
Typically included in “Design/Build” scope of work.
Develop high-level project estimate and timeline based on test fit and Client standards
Typically included in "Project Management" scope of work.
Typically included in “Design/Build” scope of work.
Not typically included at all, but available for an additional fee.
Not available / not a service that can be offered.
Schedule and chair Schematic Drawings and Design Development Drawings review meetings/conference calls
Not available / not a service that can be offered.
Define workplace strategy for client, research what kind of location, office / work environment accelerates business
Not available / not a service that can be offered.
Define program of requirements for location, building and interior characteristics
Typically included in "Project Management" scope of work.
Typically included in “Design/Build” scope of work.
Not typically included at all, but available for an additional fee.
Not available / not a service that can be offered.
Engage with the Client Facilities Management (FM) Operations team to ensure alignment with Client standards
Not available / not a service that can be offered.
Test fits for different building options
Typically included in “Design/Build” scope of work.
Review the LOI and work letter portion of the Lease to ensure that the clients interests are protected during the build-out of the project.
Typically included in "Project Management" scope of work.
Phase 1 Notes:
This is a test comment. Please ignore anything noted on this area. Sylvester is a dinosaur.

Phase 2: Service Before and During the Design Process

Develop preliminary project budget and schedule.
Typically included in “Design/Build” scope of work.
Develop the RFP for selection of a space planner/architect and any other consultants identified and required
Not typically included at all, but available for an additional fee.
Analyze, compare and evaluate responses to the RFP.
Typically included in "Project Management" scope of work.
Orchestrate the space planner/architect interview process.
Not typically included at all, but available for an additional fee.
Negotiate, on behalf of the client, professional services agreements with the space planner/architect and other consultants.
Typically included in "Project Management" scope of work.
Typically included in “Design/Build” scope of work.
Review architect’s final Program of Requirements.
Typically included in "Project Management" scope of work.
Not typically included at all, but available for an additional fee.
Monitor the design team’s schedule of deadlines and deliverables. Coordinate meetings with the design team and the client. Manage the design process on behalf of the client.
Typically included in “Design/Build” scope of work.
Review and recommend payment of the invoices for services. Submit invoices for payment to landlord or client and prepare monthly reports of project costs versus project budget.
Not typically included at all, but available for an additional fee.
Negotiate all client-vendor contractors (IT, AV, Security/Access Control, Signage, High Density Filing) on behalf of client.
Typically included in “Design/Build” scope of work.
Not typically included at all, but available for an additional fee.
Coordinate with either Architect or General Contractor in permitting process
Not available / not a service that can be offered.
Schedule and chair weekly design review meetings/conference calls
Not available / not a service that can be offered.
Other Value-Add Services: Test fits (including Look & Feel) - Cost Estimates - Schedule/timing/phasing scenarios - Floor plan, core and circulation efficiency ratios(GIA vs NIA) (NOA vs NIA) - Technical due diligence/Assessments - We may pack everything into a Feasibility Study or proposed them separately depending on the situation.
Typically included in "Project Management" scope of work.
Typically included in “Design/Build” scope of work.
Define interior guidelines for architect based on workplace strategy
Typically included in "Project Management" scope of work.
Control workplace strategy and functionality and during design process
Typically included in “Design/Build” scope of work.
Architectural design
Not available / not a service that can be offered.
Phase 2 Notes:
hiiiii rich!

Phase 3: Services Before Construction

Liaise with the Landlord’s Representative.
Typically included in "Project Management" scope of work.
Prequalify a list of general contractors to be interviewed (consult lease to confirm any Landlord required GCs).
Typically included in “Design/Build” scope of work.
Develop the RFP, including Landlord and/or Lease required documents, for selection of a general contractor.
Typically included in "Project Management" scope of work.
Analyze, level, and evaluate the responses to RFP.
Typically included in “Design/Build” scope of work.
Orchestrate general contractor interview process and prepare evaluation scorecard.
Typically included in "Project Management" scope of work.
Review all proposed subcontractors and monitor the general contractor’s subcontractor bid process to ensure integrity of the process and quality of the workmanship.
Typically included in “Design/Build” scope of work.
Monitor the general contractor’s schedule of deadlines and deliverables. Coordinate meetings between the design team, general contractor, client and appropriate vendors.
Typically included in "Project Management" scope of work.
Negotiate, on client's behalf, the General Contractor agreement for Client approval
Not available / not a service that can be offered.
Schedule and coordinate Architect's 90% Construction Drawings review
Not available / not a service that can be offered.
Develop Project Cost Summary + Invoice Tracker and update weekly
Not typically included at all, but available for an additional fee.
Phase 3 Notes:
testing 123

Phase 4: Services During Construction

Coordinate with the Landlord’s Representative.
Typically included in "Project Management" scope of work.
Conduct weekly construction meetings to assess progress, quality and conformance with the Contract Documents and distribute minutes of meetings.
Typically included in “Design/Build” scope of work.
Monitor the general contractor’s schedule.
Typically included in "Project Management" scope of work.
Monitor the construction budget.
Typically included in "Project Management" scope of work.
Review, and recommend for payment, the contractor’s Applications for Payment.
Typically included in "Project Management" scope of work.
Monitor all project documentation.
Typically included in “Design/Build” scope of work.
Act at all times as client’s liaison to vendors contracted directly by Client (IT, AV, Security/Access Control, Signage).
Not available / not a service that can be offered.
Oversee the punch list process to ensure acceptable completion of all items.
Not typically included at all, but available for an additional fee.
Close out all consultant, contractor and vendor contracts.
Not available / not a service that can be offered.
Submit General Contractor, vendor, and consultant invoices to Landlord for reimbursement per the Lease Workletter
Typically included in "Project Management" scope of work.
Review and recommend for payment all General Contractor, vendor, and consultant invoices; submit to Client for approval
Not typically included at all, but available for an additional fee.
Deliver close-out documents, as specified in the Lease, to Client
Not available / not a service that can be offered.
Coordinate value/engineering process, if required.
Typically included in "Project Management" scope of work.
Provide as-built drawings and O&M Manuals to Client FM Operations team
Not available / not a service that can be offered.
Monitor one year guarantee period and final hand over
Not available / not a service that can be offered.
Phase 4 Notes:
blah blah blah

Additional Services: Services During Relocation

Develop RFP for moving companies, evaluate responses and recommend selection of moving company or identify, interview and review proposal for services from relocation consultants.
Typically included in "Project Management" scope of work.
Represent Client in development of move strategy.
Typically included in “Design/Build” scope of work.
Monitor development of move activity checklist.
Not typically included at all, but available for an additional fee.
Represent client on site during move process.
Not available / not a service that can be offered.
Additional Services Notes:
hi :)

Additional Services: Project Management Services Related to Furniture/Workstation Procurement

Conduct bid process for all furniture (workstations, case goods, seating, filing) purchases specified by the architect and/or client.
Not available / not a service that can be offered.
Conduct bid process for refurbishment of existing furniture and/or workstations.
Not typically included at all, but available for an additional fee.
Evaluate bids and negotiate purchase order with manufacturer(s).
Typically included in “Design/Build” scope of work.
Negotiate national buying contract with select furniture dealerships, using Colliers International purchasing power
Typically included in "Project Management" scope of work.
Change management before, during and after moving to the new work environment
Not available / not a service that can be offered.
Measuring/monitoring (KPI's) how the way of working and building accelerates business and goals of the client
Not available / not a service that can be offered.
Additional Services Notes:
phase 6 notes here

Business Climate Business Climate data provided in partnership with Hickey & Associates. Rankings reported on a scale of 1 (least favorable) to 10 (most favorable). Please refer to the full report Explore 2017 for additional details.

Incentives and Labor Market

7, 3 7/10

Incentives
Value potential, diversity/number of programs

4, 6 4/10

Job Saturation
Competition for workers

8, 2 8/10

Wage Inflation
Rise in wages (past 10 years, local currency)

Educational Attainment

8, 2 8/10

HS Ed Eq
Proportion of population attaining this level

7, 3 7/10

University Ed
Proportion of population attaining this level

8, 2 8/10

Overall
Composite average of HS Ed Eq & University

Composite

7, 3 7/10

Additive sum of incentives, saturation, overall ed attainment, and wage inflation

[1]Currency conversion works for estimate purposes only and may not reflect real-time values.

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