Cost Factors

After your research is complete you will be able to narrow down your list of acceptable sites to the most viable options and begin to conduct a cost comparison. In real estate there are often hidden cost and opportunities for savings that might be missed. Below is a list of some of the items you should evaluate when planning your relocation:

  • Labor costs
  • Cost of transportation
  • Utility costs and possible incentives (energy, water, sewer, and pollution-control costs)
  • Availability of public incentives (assistance with tenant improvements, moving costs, signage, etc.)
  • Renovation/Construction costs
  • Length of obligation and long-term costs
  • Financial strength of the building owner
  • Capability of amortizing tenant improvement costs
  • Tax rates (property, payroll, and state income taxes as well as sales tax exemptions)
  • Loss of productivity during the move
 
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