04Two buildings with the same quoted rent can produce very different costs over a lease term. To compare them fairly, occupiers need to translate every option into an effective, operationally realistic number.
Build a total occupancy model
Include rent, maintenance, power, parking, taxes, deposits, fit-out, technology, transport and the cost of any rent-free build period. Then apply escalation and likely headcount growth across the intended term.
Measure usable efficiency
A lower rate does not create value if the floorplate is difficult to plan. Columns, core position, daylight, ceiling height and service distribution affect how many productive seats the business can create.
- Compare cost per productive seat as well as cost per square foot.
- Allow for meeting, training, collaboration and support areas.
- Test whether the building can support future density.
- Confirm that resilience standards match operational needs.
Price disruption and delay
Approval delays, incomplete infrastructure or a poorly coordinated fit-out can erase apparent savings. A realistic timeline and clear responsibility matrix belong in the financial comparison.
This perspective is general information, not legal or financial advice. Project and market conditions should be verified for each decision.