Landlords continue to juggle rising costs involved in
operating a commercial building.
Inflation, rising building operating cost such as property taxes, and construction (modernizing vacant suites and tenant improvements) remain top issues.
Heiple Travers is committed to helping businesses of all size faced with an upcoming lease expiration find tailored solutions to minimizing rental rates. Retaining a local top-notch tenant rep broker with a closing track record to assist in negotiation has now become more important than ever before.
At Heiple Travers, we understand that navigating complex real estate transactions can be challenging. We offer advisory services for lease negotiation. Requesting concessions such as months of upfront free rent, caps on annual increases, free parking and free building amenities such as common area conference rooms and break areas could create COST SAVING STRATEGIES and maintain the monthly budget.
Waiting until the lease is expiring to address lease renewal negotiation or relocation creates a position of power for the Landlord instead of the Tenant. When the Landlord knows a tenant does not have much time to secure a new space, inflationary lease renewal terms may become non-negotiable.
Comments