Sooner or later, every organisation has to make a stay vs go decision. But how do you weigh up the costs and benefits of lease renewal versus relocation? Are there market alternatives that justify a move? And how do you identify the hidden costs that come with each option?
Frankly, both bring opportunities and limitations. To determine the best solution for your business, you need to consider a range of factors. These include market stock, current rent levels and incentives, connectivity, parking, make good and fit-out costs, access, visibility and your overall business objectives. Tenant CS is well-experienced negotiating lease exit strategies. Depending on your circumstances, we can help you decide whether to:
- Renew your commercial lease – If you are not looking to expand anytime soon, renewing your existing lease is probably your best option. We will audit your site and conduct a market analysis to negotiate fair terms that are in line with the market.
- Expand within your existing space – Moving to a larger space may not be a financially or operationally viable option, even for a growing business. We will help you negotiate with your landlord, and manage your space planning, design and fit-out to allow you to expand within your current location.
- Relocate to a new building– We will evaluate your business needs, conduct a conflict-free property search and present you with full market insights and alternatives to determine whether relocation is the best solution. And if it is, we will match you with the perfect space and negotiate the best possible terms on your behalf.
Get in touch
So, when faced with a ‘stay vs go’ decision, get Tenant CS on your side. We make the process simple, and save you time and money in the process. Get in touch with a member of our team today!