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Office Space Optimization Template 👩‍💻HOW TO USE THIS RESOURCE:

First,
go to lines 24, 30, or 36 to choose either a maximum, medium or minimum savings estimate.

Second, choose the appropriate amount of square feet in your office from columns B through H.

Third, choose the estimated cost of rent for your area below your selected savings estimate.

For example, let's calculate the medium savings estimate (line 30) for an office with 5,000 sq. ft (column C) in Boston. Our estimated medium cost for rent (line 32) would bring us to \$94,500 per year (line 32, column C)
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by inspace
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Assumptions
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Extra space per office, max80%
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Extra space per office, med50%*https://www.squarefoot.com/office-space/ma/boston. Boston Office Space. Lease Data and Trends. Average asking rent varies depending on building class. Boston office space in Class A properties lease for around \$65-70 per square foot, Class B around \$45-50 and Class C properties rent for closer to \$30 per square foot.
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Extra space per office, min20%
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Boston*
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Rent cost per sq foot, Class A\$69
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Rent cost per sq foot, Class B\$54
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Rent cost per sq foot, Class C\$30
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Office space
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Square feet1,0005,00010,00050,000100,000500,0001,000,000
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Extra space, max8004,0008,00040,00080,000400,000800,000
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Extra space, med5002,5005,00025,00050,000250,000500,000
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Extra space, min2001,0002,00010,00020,000100,000200,000
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Rent cost, max\$69,000\$345,000\$690,000\$3,450,000\$6,900,000\$34,500,000\$69,000,000
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Rent cost, med\$54,000\$270,000\$540,000\$2,700,000\$5,400,000\$27,000,000\$54,000,000
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Rent cost, min\$30,000\$150,000\$300,000\$1,500,000\$3,000,000\$15,000,000\$30,000,000
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Savings estimate, maxArea, sq feet
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1,0005,00010,00050,000100,000500,0001,000,000
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Rent cost, max\$55,200\$276,000\$552,000\$2,760,000\$5,520,000\$27,600,000\$55,200,000
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Rent cost, med\$43,200\$216,000\$432,000\$2,160,000\$4,320,000\$21,600,000\$43,200,000
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Rent cost, min\$24,000\$120,000\$240,000\$1,200,000\$2,400,000\$12,000,000\$24,000,000
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Savings, medArea, sq feet
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1,0005,00010,00050,000100,000500,0001,000,000
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Rent cost, max\$34,500\$172,500\$345,000\$1,725,000\$3,450,000\$17,250,000\$34,500,000
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Rent cost, med\$27,000\$135,000\$270,000\$1,350,000\$2,700,000\$13,500,000\$27,000,000
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Rent cost, min\$15,000\$75,000\$150,000\$750,000\$1,500,000\$7,500,000\$15,000,000
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Savings, minArea, sq feet
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1,0005,00010,00050,000100,000500,0001,000,000
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Rent cost, max\$13,800\$69,000\$138,000\$690,000\$1,380,000\$6,900,000\$13,800,000
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Rent cost, med\$10,800\$54,000\$108,000\$540,000\$1,080,000\$5,400,000\$10,800,000
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Rent cost, min\$6,000\$30,000\$60,000\$300,000\$600,000\$3,000,000\$6,000,000
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checksum
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Customer size mix10%20%40%10%10%5%5%100%
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Customer type mix
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Class A50%50%50%33%25%25%25%
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Class B25%25%25%33%50%50%50%
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Class C25%25%25%34%25%25%25%
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Checksum100%100%100%100%100%100%100%
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Total End value to customer of \$6.2 - \$23.9 per sq.ft.
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Customer Savings(\$/ft), max\$2.8\$5.5\$11.0\$1.8\$1.4\$0.7\$0.7\$23.9
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Customer Savings (\$/ft), med\$1.1\$2.2\$4.3\$1.4\$2.2\$1.1\$1.1\$13.3
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Customer Savings (\$/ft), min\$0.6\$1.2\$2.4\$0.8\$0.6\$0.3\$0.3\$6.2
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