Property Evaluation




New Property Evaluation
Today with more and more people working from home (WFH) it has become increasingly important for the Facility Manager (FM) to be able to develop real estate options to reduce or increase their facility footprint. This App will help determine the value of the options offered by competing real estate offers. This App does not intend to eliminate the need for commercial brokers but instead to help the facility professional develop and understand strategies before engaging brokers. FM Gear also has a Space Programming App to help determine how much space you'll need! Don't forget to run your property due diligence through our Due Diligence App, drilling further into the site details. When you are fairly certain the new site program makes sense for the company, engage your broker.

© LeeKing Inc., 2020

LEASED PROPERTY CRITERIA
WEIGHTS

WEIGHTING SYSTEM:

1: Marginally important

2: Ordinary importance

3: Important

4: Extremely important

5: Absolutely important

Property evaluations are critical to a successful facility change. Also critical to a successful site selection decision is building consensus.
It's important that your "key" stakeholders understand the criteria that will drive the next facility location. The criteria we selected is very broad, but meaningful. We'll briefly explain each criteria below.
1- Proximity to Employees: In order to attract and retain the best talent you must ask these questions: How close is public transportation? Are there major expressways or arterial roads leading to the proposed site? As a general rule, travel time to or from work should not exceed 45-60 minutes each way.
2- Proximity to Customers: Critical: if you must meet with your customers, or deliver product or services to them, or they must come to you.
3- Proximity to suppliers or 3rd party vendor partners.
4- Proximity to executive staff. While today's business world uses a Work From Home (WFH) strategy at times, the ability to attract and keep key executives that might eventually need to appear at the site.
5- Proximity to an airport is important to those that must travel in to the new site.
6- Neighborhood. Is the neighborhood "walkable" with access to shopping, good variety of food choices, day-care, parking and public transportation?

STEP 1: Have your stakeholder committee rank each criteria as it relates to their own team.
We can track a maximum of eight (8). If you have more than eight then combine weights as groups e.g. HR, Finance, operations.

STEP 2: Each stakeholder's weighting should be entered below. See the "weighting" score table above.
Remember, this is a scale of 1 to 5 with 1 being marginally important, but necessary and 5 being absolutely important.

Member 1

Member 2

Member 3

Member 4

Member 5

Member 6

Member 7

Member 8

Performance Criteria

Weight

Location

Proximity to employees

Proximity to customers

Proximity to suppliers

Proximity to executives

Proximity to airport

Neighborhood

(Walk-able/Amenities)

LEASED PROPERTY CRITERIA
WEIGHTS

WEIGHTING SYSTEM:

1: Marginally important

2: Ordinary importance

3: Important

4: Extremely important

5: Absolutely important

STEP 1: Number of committee members:
Maximum: 8

STEP 2: Each person's weighting should be entered below in the blue boxes.

Member 1

Member 2

Member 3

Member 4

Member 5

Member 6

Member 7

Member 8

Performance Criteria

Weight

Cost

Base square footage rate

Maintenance

Alterations/renovations

Early termination

Insurance

Utilities

LEASED PROPERTY CRITERIA
WEIGHTS

WEIGHTING SYSTEM:

1: Marginally important

2: Ordinary importance

3: Important

4: Extremely important

5: Absolutely important

STEP 1: Number of committee members:
Maximum: 8

STEP 2: Each person's weighting should be entered below in the blue boxes.

Member 1

Member 2

Member 3

Member 4

Member 5

Member 6

Member 7

Member 8

Performance Criteria

Weight

Amenities

Parking

Class

Landscaping

Technology

Food service

Floor plate size/configuration

LEASED PROPERTY CRITERIA
WEIGHTS

WEIGHTING SYSTEM:

1: Marginally important

2: Ordinary importance

3: Important

4: Extremely important

5: Absolutely important

STEP 1: Number of committee members:
Maximum: 8

STEP 2: Each person's weighting should be entered below in the blue boxes.

Member 1

Member 2

Member 3

Member 4

Member 5

Member 6

Member 7

Member 8

Performance Criteria

Weight

Terms

General lease

Work letter

Flexibility

Audit authority

Renewal

Option to buy

New Property Evaluation

RATING SYSTEM:

LEASED PROPERTY EVALUATION
RATINGS

Meets Our Need

1: Marginally acceptable

2: Somewhat acceptable

3: Acceptable

4: Very acceptable

5: Extremely acceptable

Please note that criteria weights are derived from the previous step.

Property A

Property B

Property C

Property D

Property E

Property F

Step 1: Enter property names here ----->

Step 2: Enter a site 'Rating' below in the boxes for each criteria listed, for each property being considered.

Performance Criteria

Weight

Rating

Score

Rating

Score

Rating

Score

Rating

Score

Rating

Score

Rating

Score

Location

Proximity to employees

Proximity to customers

Proximity to suppliers

Proximity to executives

Proximity to airport

Neighborhood

Cost

Base square footage rate

Maintenance

Alterations/renovations

Early termination

Insurance

Utilities

Amenities

Parking

Class

Landscaping

Technology

Food service

Floor plate size/configuration

Terms

General lease

Work letter

Flexibility

Audit authority

Renewal

Option to buy

TOTALS: