How much time do I need?
Market conditions, the size and complexity of the transaction, and
option notice dates can help determine when to begin the process of
evaluating your office lease. Time should be your ally, not your enemy
during negotiations with any landlord. At Atlanta Office Realty, Inc we always
say"the best time to make a decision is when you don't have
to".
Landlords know that other buildings you're considering will
most likely have to create a space plan, get construction pricing, agree
on a rental rate, prepare and execute a lease document, apply for
construction permits and prepare the space for occupancy. This is
typically a 4 to 6 month process. So a tenant that waits until there are
only six months or less remaining in the lease term before asking the
landlord for a lease renewal proposal is basically telling the landlord
that it is not considering any other options.
Depending on the size
and complexity of your office space requirement you should allow, at a
minimum, the following lead times to negotiate your office lease:
| Office Size |
Lead Time |
| 1,000 - 3,000 square feet: |
4 to 6 months |
| 3,000 - 10,000 square feet: |
6 to 10 months |
| 10,000 - 20,000 square feet: |
12 to 18 months |
| above 20,000 square feet: |
18 to 36 months |
