Phased occupancy is a flexible growth strategy for a business to pay for and occupy only a portion of their square footage while gradually growing into their full space.

This is ideal for companies who are anticipating high growth in a short period of time – allowing flexibility to grow into the space while avoiding paying for portions of office space that are not yet needed.

Companies can experience phased occupancy by taking on smaller square footage and gradually growing into their full space or by occupying an entire space but only paying for a smaller portion for the first few years.

Landlords are often open to this type of lease flexibility for new tenants, although the terms need to be negotiated early on.

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And if you have any further questions about phased occupancy, reach out to a Rokos broker today.