Negotiating a lease renewal is an extremely important part of the tenant representation process. Every renewal should be deeply vetted and treated as a new deal. We recommend beginning the renewal process 12-18 months out in an effort to have TIME too properly analyze ever evolving business and logistics needs as well as understand all market options.
Please contact my team today to discuss upcoming lease expirations so that we can strategize to develop a plan of attack to maximize value and improve efficiencies related to potential Renewal Analysis projects.
The bottom line is: TREAT EVERY RENEWAL LIKE A NEW DEAL. GET THE PROCESS STARTED EARLY. TIME IS YOUR ALLY.