A few things to keep in mind about your lease:
Do you know your current office space rental rate vs. the current market?
-In other words, are you sure you’re not paying too much in rent?
Do you know when your lease expires or the date of your option notification deadline?
-It may be sooner than you think!
Do you plan on moving, and if so do you know how long it takes or what it costs?
-Searching for office space or property to purchase, negotiating a lease or purchase contract, and doing a renovation and a host of other tasks is complicated and can take many, many months. The sooner you start planning with a professional, the easier it will be…not to mention a huge cost savings.
Do you like your property management?
-Property management controls maintenance costs and real estate taxes that you pay for. Have they done their best to keep your costs down? Are they quick to react to complaints that you might have?
Do you know that working with a real estate specialist, such as myself, can help your business immensely, even if your goal is to stay in your current location?
-Office specialists know the marketplace and are educated in commercial real estate. They have much greater skills in finding appropriate space/property, as well as providing you with leverage when approaching a new landlord or your current landlord to renew your present lease. Why? Because they have expertise, skill and experience, and best of all it’s at no cost to you.
Filed under: Leasing Tagged: | current market, lease, lease expiration, option to renew, Property Management, renegotiation, renewal, rental rates
