10 Leasing Mistakes Office Tenants Commonly Make

Finding and negotiating a lease on an office space can be a lengthy and complicated process that can leave a lot of money on the table if not pursued in the best way possible. Leasing mistakes tenants make can end up working against them. The following are some of the most common errors that tenants should keep an eye out for:

  • Putting costs above all else
  • Leaving negotiations to the last minute
  • Not having a good idea of your company’s space requirements or moving forward without sufficient space planning
  • Hesitating once a good offer is on the table and losing the opportunity
  • Not working with a real estate team, including a broker, a tenant representative, an architect, and more
  • Making decisions without clearly defined real estate and business objectives
  • Not using a project leader in-house for the search and negotiations
  • Not giving yourself a buffer at the maturation of a lease to address “make good obligations”
  • Not preparing for potential expansion needs
  • Not incorporating exit strategies into a lease, i.e. termination or contraction options

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