How can you compare lease market research across different regions?

1 Understand the data sources

The first step to compare lease market research across different regions is to understand where the data comes from and how reliable and consistent it is. Depending on the region, you may find data from various sources, such as brokers, landlords, tenants, consultants, industry associations, or government agencies. Some sources may be more transparent and comprehensive than others, and some may have biases or conflicts of interest. You should always verify the data sources and their methodologies, and use multiple sources if possible to cross-check and validate the information.

2 Know the market standards

The second step to compare lease market research across different regions is to know the market standards and conventions that affect the lease terms and conditions. For example, different regions may have different definitions of rentable area, lease commencement, rent escalation, operating expenses, tenant improvements, and other key lease components. These differences can have a significant impact on the total cost of occupancy and the value of the lease. You should always adjust and normalize the data to reflect the same standards and assumptions, and use common metrics and indicators, such as net effective rent, occupancy cost ratio, or lease incentive percentage.

4 Evaluate the risks and opportunities

The fourth step to compare lease market research across different regions is to evaluate the risks and opportunities that may arise from leasing office space in different regions. For example, different regions may have different legal, regulatory, tax, environmental, social, and political environments that may affect the lease obligations and liabilities of landlords and tenants. These factors can create uncertainties and challenges, as well as opportunities and advantages, for leasing office space in different regions. You should always assess the risks and opportunities and their potential impact on your business objectives and strategy.

5 Use a lease comparison tool

The fifth step to compare lease market research across different regions is to use a lease comparison tool that can help you organize, analyze, and visualize the data in a clear and concise way. A lease comparison tool is a software application or platform that can help you collect, standardize, and compare lease data from different regions, and generate reports and dashboards that can help you make informed decisions. A lease comparison tool can save you time and money, and enhance your accuracy and efficiency, when comparing lease market research across different regions.

6 Communicate your findings

The sixth and final step to compare lease market research across different regions is to communicate your findings and recommendations to your stakeholders and partners. Whether you are a tenant or a landlord, a broker or a consultant, a manager or an executive, you need to communicate your findings and recommendations in a clear and compelling way that can persuade and influence your audience. You should always use data-driven and evidence-based arguments, and tailor your message and tone to your audience and purpose.