Q & A: Downsizing Effects

I am downsizing from 7,000 SF to 5,000 SF of office space in the Atlanta area, but I am not downsizing number of employees. Are there any issues I need to be aware of?

The biggest issue you want to keep in mind is parking. Right now we are working with many clients who are involved in similar transactions and we are fighting for parking spaces (this is all over the metro Atlanta Office Market). Typically, you are given a certain amount of parking per 1,000 SF. When you downsize, you lose parking spaces and may have to consider paying for parking offsite, especially if your employee size stays the same. Your next best option is to consider a relocation and find a building with plenty of excess parking that you can try and capture throughout your lease term.

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