Often, renewing a commercial real estate lease can be the best option to make, as your current business location is ideal for your business & employees and you don’t want to have any disruptions. Renewing will prevent you from having to relocate, which is the desired requirement for most companies.
However:
- How will you know if your office lease rates are competitive?
- Have you actually looked into the market to see if there are better office space options in Austin?
- How do you negotiate a more competitive agreement with your landlord?
- How do you reduce the amount of space you need?
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 position to ensure a challenging environment that will force your landlord to offer you a renewal that suits your needs. We have significant experience in negotiating lease renewals in the Austin area. Your landlord will almost always 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!
