Renewing your lease is a lot like telling a joke: it’s all in the timing. You want time on your side at all times (no pun intended). Typically, if you’re 10,000 square feet or smaller, you want to give yourself 9-18 months whether you’re moving or renewing. That said, the sooner you start looking for a new space, or looking into renewing your lease, the better. Here’s why.
As your lease expiry date approaches, you will need to decide if you want to remain in your current facility, or move to an alternative location. This article attempts to highlight some of the key issues for consideration in dealing with a lease renewal, so that you can achieve the best possible outcome for your business.
ITRA / ExclusiveTenantRep.com Assists Science Applications International Corporation with 6,400 SQ FT Office Sublease in Virginia Beach, VA. USA
ITRA / ExclusiveTenantRep.com announced that it has represented SAIC in subleasing 6,400 square feet of office space located at 2877 Guardian Lane.
There is a clear upside to today’s economy. Commercial tenants should be able to secure lower rents and better leases than they have in years. Whether renewing a lease, seeking to renegotiate an existing lease, or moving into a new space with a new landlord, the environment is right to gain lower rents, better terms, more concessions, and reduce overhead significantly.
ITRA / ExclusiveTenantRep.com Assists American International Group, Inc. With 6,900 Sq. Ft. Office Space In Virginia Beach VA.
ITRA / ExclusiveTenantRep.com announced that it has represented American International Group, Inc. in leasing 6,900 square feet of office space located at 629 Phoenix Drive, Virginia Beach, VA
ITRA / ExclusiveTenantRep.com Assists Booz Allen Hamilton, Inc. with 35,000 Sq. Ft. Office Lease in Norfolk, VA. USA
ITRA / ExclusiveTenantRep.com represented Booz Allen Hamilton, Inc in leasing 35,000 square feet of office space located at 5800 Lake Wright Drive, Norfolk, VA, USA.
The International Tenant Representative Alliance (ITRA) will discuss recent growth and success stories in a down commercial real estate market at its Spring Conference on March 26-28 at The Stoneleigh Hotel and Spa in Dallas, Texas.
Carrie Holstead Reveals $371 Million Impact of Marcellus Shale On Pittsburgh Area Office Space to NAIOP
At the February 18, 2010 meeting of NAIOP Commercial Real Estate Development Association, Carrie Holstead, President of ITRA / Carrie S. Holstead Real Estate Consultants, became the first to reveal the significant financial impact of oil and gas companies on Pittsburgh area office space.
It might not be the most picturesque building adorning Route 128, but 219 Bear Hill Rd. is expected to provide plenty of welcomed exposure to new tenant EP Levine now that the photographic equipment supplier has signed a long-term lease for close to 20,000 sf at the single-story, 30 year old flex/industrial property. “They are taking a big step forward in their business,” ITRA / Stevens Group principal Debra L. Stevens says after helping her client in a relocation bid that comes following 20 plus years in Boston’s Marine Industrial Park.
The International Tenant Representative Alliance (ITRA), elected its Board of Directors for 2010 during its recent Global Conference held in Boston, MA.