• Reclaiming Buildings - Developing Facility Objectives

    Strategies for Change
    Nov. 14, 2001

    By Pam Brenner

    With business needs clearly defined and a building selected for renovation, decision-makers should proceed with the development of design and facility objectives. Questions to ask include:

    • How much space will we need?
    • What will our business be?
    • What deliverables will we produce?
    • Who will our customers be?
    • How will we communicate?
    • How will technology impact the workers?
    • How will space support the technology?
    • Can the infrastructure support increases and decreases in the workforce?
    • Will workforce needs change?
    • What will be the financial considerations?
    • What are tax liabilities likely to include?
    • Will depreciation limitations prevent efficient renewal?
    • Will the day-to-day churn rate change?


    Flexibility, speed, and cost often emerge as the top objectives. If, for example, a developer seeks to lease space after renovation, long-term flexibility will top the priority list. If the renovator seeks to occupy the space to meet business deadlines, speed will drive the fit-out strategy. If the renovator is also the sole tenant of the building, cost and tax considerations may be a top concern.

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