A tenant trying to choose between two spaces in one building should compare the two scenarios as if they were distinct street addresses.
Chances are the options are not the exact same size, so cost is clearly a factor. Provided the more affordable space poses no operational complications, it’s likely the best option. However, take specific note of the adjacent spaces, which should further delineate the options.
Consider strongly which space has more potential to accommodate growth and subsequently, how the landlord would respond to right of first refusal language. And with that mind, could additional concessions come into play?
Do either of the solutions present any potential neighbor concerns? Employees or customers of a fellow tenant could pose a disruption to business, which is rare in most professional settings, but not at all unheard of.
Other considerations are floorplate shape and access to common areas. You’ll want to choose the space that will best contribute to your employees’ work practices. Also, take note of the move process, which can be a considerable drain on resources. Any complications to moving created by one of the options could provide reason to choose the other.
This kind of decision may also come down to existing finishes. Provided neither space is a first generation shell, fit-up costs will be critical and more than likely the ultimate driver of which lease is signed.