You have been in a space for a number of years. You and your employees are happy with the location and could probably make the drive with your eyes closed. You know your lease expiration is quickly approaching and you plan on extending the lease. Although resigning the lease may seem like an easy decision; you could be costing your company by not pursuing all options and evaluating the market. Therefore, giving your Landlord all the power. A tenant advisor can give you the leverage you need.
So what does a tenant advisor do? Why would you partner with an advisor?
A tenant advisor works for you, and your best interests. Using employee, company, and customer data, an advisor can help you understand your specific needs and assist you with space forecasting 3, 5 and sometimes 10+ years out. How much square-footage do you really need? What location makes the most sense for you? What rate should you pay compared to others in the market.
These are just some of the examples of how a tenant advisor can help you gain leverage with your upcoming lease and why you owe it to yourself and your company to seek professional guidance in any lease transaction.