Leasing for UW Departments

How much space - rentable square feet (rsf) do you need to lease?

Enter number of expected employees:
     entry will be multipled by typical 260 rsf per employee and used in Worksheet below
-OR-
If known, assignable square feet (asf) on campus:
     entry will be multiplied by 165% to convert to rsf and used in Worksheet below

Where do you hope to lease space? What kind of space do you need?

Location (e.g. downtown Seattle, University District) and type of space (e.g. office, lab, clinic) determine base rent.

For base rent: Select... Office Space / Downtown Seattle ($25/rsf) Office Space / University District and other areas ($22/rsf)$ Specialty Uses -laboratory, med clinic, etc ($40-60/rsf)<$
(used in Worksheet below)
- OR - You may also enter a known base rent value here: (e.g. 20.00)

How much will you pay for Tenant Improvements?

Any remodeling or changes the tenant requires prior to move-in or during occupancy are known as “Tenant Improvements” (TIs). The landlord will typically pay an allowance to make the space ready for occupancy as part of the lease negotiation. In today’s market, for a 3-5 year lease term, this TI allowance averages $5-10 per rsf and will only cover the cost of fresh paint and new carpet for the space.

This assumes the tenant takes the space in its current configuration and the landlord pays to have it re-carpeted and painted.

If a space requires more extensive build-out or reconfiguration to accommodate the tenant’s occupancy, the cost to do this may not be fully covered by the average TI allowance noted above, and could result in $20-30 per rsf in additional tenant cost.

Estimate the per-square-foot $ amount you will need for improvements and enter here:
>>$<< ($ amount will be multiplied by square feet determined above and used in Estimate Worksheet below)

What other costs should you expect?

Some costs may occur only in the first year of the leasing process (e.g. purchasing furniture, moving costs, telecommunications installation), while others may be recurring monthly changes (e.g.telecommunications, parking, equipment insurance, or mail service costs). See Tenant Responsibilities or contact the REO Tenant Services Manager for more information.

Estimating Cost Worksheet

You can click the 'Calculate Total' button below at any time to see estimate amount.

Cost		Need Help?
ANNUAL Base Rent: (from above)	$	Real Estate Office
Tenant Improvements: (from above)	$	Real Estate Office
Telecommunications Installation: (enter here)	$	Communications Technologies (ComTech) Facilities Planning & Design, an office of UW Computing and Communications (C & C)
Parking: (enter here)	$	Real Estate Office
Furniture: (enter here)	$	Purchasing Department Buyer
Moving Expenses: (enter here)	$	Property & Transport Services
Equipment Insurance: (enter here)	$	Equipment Insurance - Office of Risk Management
Campus Mailing Services: (enter here)	$	Mailing Services
Contingency for unanticipated costs: (enter here)	$
	GRAND TOTAL: $