Client Question 3

Which factor(s) did you give least consideration, and why?

Your answer:

Client Question 4

Did you eliminate any of the lease opportunities from consideration? If so, why?

Your answer:

Analysis Worksheet 2 In this assignment, you will use the provided information, as well as what you have learned from class lectures and the reading, to analyze several lease opportunities, then answer questions to demonstrate your understanding of the analysis you performed. The assignment This assignment is not designed to have "right\" answers; instead, your responses will be judged based on the support you give your answers, how well you demonstrate your understanding of real estate concepts and the "big picture,\" and how professional and thorough your communication is. Imagine you are a real estate professional doing consulting for a client; how would you answer their questions? The goal of this assignment is for you to THINK CRITICALLY. Use your decision-making and analytical skills like you would in the workplace, and articulate your responses in a professional manner, like you would to a client. The scenario Your client, a large hospital system, is seeking to downsize its ofce space for its administrative functions. You have issued a call for proposals to large ofce buildings in the Indianapolis area on their behalf. In that call for proposals, you specied the following: . The potential tenant currently employs approximately 300 m is short-staffed about 75 people. They hope to staff up by the beginning of 2023. They also have the potential to grow 2% annually after that, through year 10, if certain growth milestones are achieved within the hospital business. 0 You client has recently revised their policies regarding working from home and now allow all administrative employees to work from home 50% of the time. o The potential tenant wants to "right size\" to a long-term space that will both accommodate growth but also will not leave them with substantial excess space and occupancy costs. a The potential tenant historically required approximately 175-225 square feet of space per employee working in the space. They are currently looking to be on the higher end of space per m M have fewer employees in the ofce at one time, at least through the remainder of the COVID pandemic. . The potential tenant desires a minimum 10-year lease. Renewal options are desirable. . The potential tenant values predictability of occupancy costs, but they are also looking for the most advantageous deal. . The minimum acceptable tenant improvements any required build-out, ooring, paint, and modern break rooms and bathroom facilities. The minimum acceptable tenant improvements allowance is $2018F