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Guidance Corporate Realty Advisors

COMMERCIAL TENANT AND BUYER REPRESENTATION

Gain the edge for your next lease or purchase transaction
Contact us to discuss your project - 303.442.5400

Negotiate Boulder and Denver Office Lease Renewals

Office Lease Renewal Denver

In many situations, renewing your existing leased industrial or office space may be your preferred option.  The current building location might suit your employees and clients, and your existing space may work well for your business.  Additionally, renewing your lease may prevent disruptions that often accompany relocating a company.

  • But, how do you know about other options available in the marketplace, and confirm that you're getting a competitive lease renewal rate from your Landlord?
  • How do you proceed if you need additional (or less) space when renewing your current lease?
  • How will you negotiate a competitive lease renewal package with an adequate Tenant Improvement (TI) Allowance to update your space with new carpet, paint or to make other necessary alterations?  

Surprisingly, in many cases, the Landlord's renewal rates and terms offered to its existing Tenants may be less attractive than the rates and terms offered to new Tenants!  This is because Landlords know that, statistically, the majority of Tenants prefer not to move, and that many Tenants assume their Landlord will give them a "fair deal."

Achieving Your Best Deal

When you renew your lease, the Landlord typically spends much less on TIs when compared to a new Tenant.  The TI allowances provided to new Tenants can be significant, because new Tenants often require major reconfigurations to a space, as well as updates to carpet, paint, lighting and other finishes.  However, if you don't need this level of build-out, the renewal rate offered to you by your current Landlord should reflect these lower costs.  Additionally, your lease renewal means the Landlord will not suffer any uncertainty or loss of rents.  The key to maximizing your leverage in this situation is to create a competitive environment, forcing your Landlord to make a renewal offer that recognizes the benefits your tenancy.  Lower costs and lower risk (of vacancy) should translate into lower renewal rates for you!  Read Case Studies on Lease Renewals.

Benefits of Skilled Representation for a Lease Renewal

Landlords often discourage existing Tenants from seeking competent representation when it's time to discuss a Lease Renewal.  Guidance brokers have extensive experience successfully negotiating Denver lease renewals and expansions.  We will develop a competitive environment making sure that your Landlord will compete for your business.  And we accomplish this in a professional manner that does not damage your relationship with your Landlord.  Additionally, in almost every case, your Landlord will pay our fees, just as they will pay the fees of a broker representing a new Tenant.

They don't want a Tenant 's broker to create this competitive environment.  However, this is exactly where Guidance brokers excel! 

You've been a good Tenant, faithfully paying your rent every month.   Don't you want to be treated with the same consideration as a new Tenant?  Contact Us about a Lease Renewal in Colorado or to discuss your situation and to discover our approach for achieving your Denver Lease Renewal and/or expansion goals.  Click here to learn about Lease Audits.

 

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Guidance Corporate Realty Advisors provides Corporate Tenant / Buyer Representation services to corporate real estate users in the Denver metropolitan area including Boulder, Colorado.  Guidance also provides these services in all major U. S. markets, as well as markets in Canada, Asia, South and Central America, and Europe.  To contact: (303) 442-5400 ext 2; Email for Information; 521 Valley View Drive, Boulder, CO 80304; 5231 Monroe Street, Suite 200, Denver, CO 80216.

BOULDER OFFICE
521 Valley View Drive
Boulder, CO 80304
DENVER OFFICE
5231 Monroe Street
Denver, CO 80216
PH: 303.442.5400
FX: 303.545.6581
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