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Commercial Lease Renewal
In many situations, renewing your existing lease space may be your preferred option. The current building location might suit your employees and clients, your existing space may work well for your business, and renewing your lease may prevent disruptions that often accompany relocating.
However:
- How do you know if the lease renewal rate the landlord gives you is competitive with alternative options in the marketplace?
- How do you proceed if you need additional (or less) space when renewing your current lease?
- How will you negotiate a competitive lease renewal package with an adequate Tenant Improvement (TI) Allowance to update your space with new carpet, paint or to make other necessary alterations?
The only way to get the best deal is to follow the same process as if you’re leasing space for the first time.
Austin Tenant Advisors can help maximize your leverage in this situation to create a competitive environment, forcing your Landlord to make a renewal offer that recognizes the benefits of your tenancy. We have extensive experience successfully negotiating lease renewals and expansions in the Austin and surrounding areas. We will develop a competitive environment making sure that your Landlord will compete for your business. And we accomplish this in a professional manner that does not damage your relationship with your Landlord. Additionally, in almost every case, your Landlord will pay our fees, as we split the commission they are already paying their listing broker.
Don't sit back and wait for the landlord to offer you renewal rates and terms that may be may be less attractive than the rates and terms offered to new Tenants. Austin Tenant Advisors will do the legwork necessary that will have landlords competing for your tenancy thus translating into a lower cost of occupancy for you!
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