A lease expiry date is not the only point at which corporations can or should look at renegotiating their lease. Lease Recasting (more popularly referred to as a Blend & Extend) is a process by which corporations choose to renegotiate their lease mid- term.
This process allows corporations to expand or contract their space mid-term, capitalize on existing market conditions to lower occupancy costs or expand or contract their lease term depending on the business case.
A rapidly changing business environment demands lease flexibility.
M.J. Connell Real Estate ensures our clients are not held hostage by a remaining lease term by:
- Reviewing the terms of the current lease and use of the current space to establish a baseline
- Conducting a thorough analysis of your needs both today and in the future
- Understanding the dynamics affecting the landlord’s negotiating position
- Implementing a real estate solution that makes sense and at market rates
Ready to get started?
Contact our office today to discuss your needs with us, or complete the form below and a representative will follow up with you shortly.
