Lease Renewal
We are very active in representing tenants with lease renewals at their current locations, and toward the end of their existing lease terms.
As is very often the case, your landlord simply advises you of the new rates, you sign your lease renewal, and go forward. Although it’s certainly the path of least resistance, it isn’t necessarily going to account for your company’s operating costs, future plans and growing needs. Our commercial real estate professionals can assist you by adding negotiating elements that most tenants do not typically possess, such as: up to date market lease knowledge, years of expertise in lease renewals, and a strong relationship with your landlord in lease negotiations.
Calgary’s commercial real estate market is very active and conditions are constantly changing. Vacancies in specific sub-markets move up and down, affecting that market, occupancies vary, terms and conditions of leases being offered today may have changed from your original lease, landlord concessions change, tenant improvements may be fully amortized, and most importantly -- lease rates change.
How do you know that the deal the landlord will offer is competitive and best serves your future needs and options? That’s where our experienced specialists come in to support a responsible lease renewal negotiation.
Our services are free to you, the tenant, as we only share in the fees that the landlord extends to their own agent, engaged to handle your lease renewal on their behalf. You must always bear in mind that the landlord’s agent represents the landlord’s interests solely.
Depending upon certain circumstances, the time to start this process is typically 12 to 24 months prior to your lease expiration date. This will provide an opportunity to examine and consider all of the options that might best serve your negotiating position.
As is very often the case, your landlord simply advises you of the new rates, you sign your lease renewal, and go forward. Although it’s certainly the path of least resistance, it isn’t necessarily going to account for your company’s operating costs, future plans and growing needs. Our commercial real estate professionals can assist you by adding negotiating elements that most tenants do not typically possess, such as: up to date market lease knowledge, years of expertise in lease renewals, and a strong relationship with your landlord in lease negotiations.
Calgary’s commercial real estate market is very active and conditions are constantly changing. Vacancies in specific sub-markets move up and down, affecting that market, occupancies vary, terms and conditions of leases being offered today may have changed from your original lease, landlord concessions change, tenant improvements may be fully amortized, and most importantly -- lease rates change.
How do you know that the deal the landlord will offer is competitive and best serves your future needs and options? That’s where our experienced specialists come in to support a responsible lease renewal negotiation.
Our services are free to you, the tenant, as we only share in the fees that the landlord extends to their own agent, engaged to handle your lease renewal on their behalf. You must always bear in mind that the landlord’s agent represents the landlord’s interests solely.
Depending upon certain circumstances, the time to start this process is typically 12 to 24 months prior to your lease expiration date. This will provide an opportunity to examine and consider all of the options that might best serve your negotiating position.