From: Valuing options to renew at future market value: the case of commercial property leases
Priority | Key private factors |
---|---|
1 | Growth/contraction of the tenant’s business |
2 | Organizational change (acquisition, merger, etc.) |
3 | Special requirement from facilities, e.g., high IT and telecom specification |
4 | Transportation accessibility |
5 | Proximity effect: direct business purposes, e.g., location close to other organizations in a similar business |
6 | Quality of building management |
7 | Building prestige |
8 | Amenities/facilities, e.g., gymnasia, parks, restaurants, shopping |
9 | Proximity effect: indirect business purposes, e.g., location close to other organizations for marketing purposes, for example for visibility |
10 | Car parking |
11 | Age of building |