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Map of deals closed in 2020
Menlo Group 2020: A Year in Review
January 8, 2021
Menlo Book Club: Think and Grow Rich
March 10, 2021

Lease Renewal vs. Relocation

As you approach the end of your commercial lease, you may wonder whether to renew or look for a new space. Renewing and relocating both have pros and cons, so you’ll want to consider both options before making a decision.

To get you started, we’ve compiled the benefits of renewing your lease and relocating.

Benefits of Lease Renewal

  • Minimize interruptions to your business
  • Avoid moving expenses
  • Remain in a location easily found by clients
  • Maintain relationships with your landlord, property manager and clients
  • Reuse your existing build-out instead of paying for pricey tenant improvements at a new location
  • Save time by renewing instead of researching, touring and negotiating for a new space.

Benefits of Relocation

  • Generate excitement among your employees and access a new talent pool in a new location
  • Build a new space that better fits your needs and includes opportunities for expansion
  • Ensure your location is the best in the market with the latest features
  • Negotiate a more favorable deal with a new landlord
  • Enter new markets and expand your client base

Your situation is unique, and we would love to help you make the right decision for your business. Contact a member of our tenant representation team to discuss your options.

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