Your Landlord may be the best. Many great Landlords exist in each and every market. I especially like those Landlords that give the cool gifts to their tenants every December. A good friend once showed me the custom wood grill set he received from his Landlord. A year later when he was closer to his lease expiration date, he emailed me his lease. I looked at his rental rate and had to share with him that the grille set should have been plated in 24 karat gold for the premium he’s paying for the office space he was occupying. He didn’t realize I had just represented the tenant on the floor below him, who’s paying $1.75 less per square foot and is getting brand new space custom designed specifically for their firm. I watched the corner of his eye wrinkle inward as if he was thinking very hard, then he said, “That’s $175,000.” I think my own eye crinkled as I quickly did the math in my head and replied, “Yes, that is correct.”
I hope every Tenant that we represent occupies a building with a great Landlord. As a matter of fact, we take great pride in connecting great tenants with great Landlords. When you decide to sell your home do you just buy the first one you look at? When your car is worn down and you’re ready to purchase a new one, do you just buy the first one you see? A great Landlord will always respect the fact that you are evaluating the market and other options when your lease is up for renewal. A great Landlord will always want to work with you and your broker to try to put together a new deal and keep you as a tenant, happy. That is who a great Landlord is.
It is your job as a Tenant to know the market, to evaluate all options and feel confident in the decision your making. That is why we at Found Advisors exist.