{
  "url": "https://classa.info/topics/lease-renewal-strategy",
  "title": "Lease Renewal Strategy",
  "description": "How to negotiate a Class A lease renewal — leverage, timing, and the relocate-vs-renew test.",
  "oneSentenceAnswer": "Lease renewal strategy starts 18–24 months before expiry: market the requirement to two real alternatives, run a relocate-vs-renew model, and negotiate as if you were a new tenant — landlords concede most when they believe you will leave.",
  "tldr": [
    "Start 18–24 months before expiry; tenant rep engaged 24 months out.",
    "Run a real RFP to two alternatives — landlord concession scales with credibility.",
    "Renewal terms are typically 5–15% better than a fresh deal at the same building.",
    "Watch for redaction risk if you do not engage tenant rep.",
    "Run a quantified relocate-vs-renew model — the answer is not always 'renew'.",
    "Build a refresh capex into the renewal — landlord typically funds 50–100%."
  ],
  "faqs": [
    {
      "question": "When should I start the renewal?",
      "answer": "24 months before expiry. Tenant rep engaged then; RFP issued at 18 months."
    },
    {
      "question": "Will the landlord match a relocation offer?",
      "answer": "Usually yes, within 5–15%. The cost to the landlord of losing you is much higher than the cost of the concession."
    },
    {
      "question": "Is renewal always cheaper than relocation?",
      "answer": "Usually but not always. Run the model — substantial right-sizing or ESG upgrade can flip the answer."
    },
    {
      "question": "Can I right-size at renewal?",
      "answer": "Yes — give back floors or take adjacent space. Renewal is the natural moment for footprint re-balancing."
    },
    {
      "question": "Do I need tenant rep on a renewal?",
      "answer": "Yes. Unrepresented incumbents consistently concede 5–15% more value than represented ones."
    }
  ],
  "keyFacts": {
    "spokeGuides": 4,
    "spokeGlossary": 7,
    "spokeTools": 3,
    "cityCoverage": 123
  },
  "pageType": "topic-pillar",
  "lastUpdated": "2026-05-29T16:17:29.065Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/topics/lease-renewal-strategy), updated 2026-05-29T16:17:29.065Z."
}