benefits getting a client a renewal as they do moving them into a new space.
THE EARLIER THE BETTER
Technically, you can’t start the negotiations too early. You can only start them too late. Be aware of the date your lease expires and other key dates in your lease. You can start looking at the market and start making a choice of whether you want to stay or go as early as 12 months before the end of your lease. You can start negotiations that early as well, or at least open up an early back and forth. You want to get a few realistic options that are owners you talked with and could see yourself being a tenant with. You may not want to ever actually do that, but it is needed for negotiations. The landlord also wants to know if you are planning on staying, leaving, or negotiating a release as early as possible. This way they can start the process of marketing their space and finding a tenant as soon as you tell them. Or they can start working with your company on release terms. The bigger the space is, the earlier you can start the process. With some giant buildings with dozens of tenants, two to three years isn’t too early to start your renewal negotiations. Still, most of the time one year should be more than enough time.
EVALUATE HOW PRODUCTIVE THE SPACE WAS FOR YOU
You should take time with your team to see how your space worked out for the company over the lease period. If you ever worked from other locations, you need to compare them. Not only does this matter for your decision to renew, but it can also help shape anywhere else you work from. You’ll see what floor
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