Three tips for renewing your warehouse lease
How negotiating your industrial lease can save you money, increase flexibility and improve your bottom line
Lease renewal time can be a critical moment for your business. With the changing market conditions, landlords are more open to negotiating key terms, making it an opportune time to take action on your lease.
According to JLL research, approximately 10,000 U.S. industrial leases will expire in the next 24 months. This presents an opportunity to assess your current lease, explore the commercial real estate market and position your company to negotiate a better arrangement.
However, it’s important to approach the lease renewal process with caution. Counting your chickens before they hatch could result in your business paying more in rent than necessary, overlooking key terms to add or even losing your current space.
On the other hand, if you come to the negotiating table as an informed occupier who understands your leasing options and how they relate to your evolving business needs, you can ultimately secure a cost-effective deal and establish control over future costs.
Fill out the form to download our guide containing three tips that will help you prepare for your lease renewal.