This market is a once in a lifetime business opportunity.
In the last two years, the balance of power has shifted dramatically in the Tenant's favour as occupational demand has weakened.
It is likely that rents will continue to fall particularly, for secondary properties. This will make lettings and renewals increasingly expensive for Landlords to transact as competition for quality tenants intensifies.
The priority for building owners is therefore Tenant retention. For owners of poorer quality space that is lying empty, offering it entirely rent free might soon be unavoidable as the burden of empty rates and soaring energy costs starts to bite.
Unfortunately, some Tenants will fail to take advantage of the market. But those that do, could create competitive advantage for themselves for years to come by lowering their overheads and securing more flexible lease terms that match their Business Plan.
Our Lease Optimisation service will ensure that you maximise every opportunity to reduce costs and increase the flexibility of your lease. This area of our work includes Lease Renewal, Rent Review and Lease Re-Gear negotiations.
So, if your lease expiry or break option is due within the next two years, you should consider taking professional advice soon.
No matter what your circumstances, this market is a unique opportunity so please, do not waste it!
To discuss your options in total confidence call us now on 0161 235 6430.
