Question: What is one of the biggest mistakes business owners make when leasing space?

Question: What is one of the biggest mistakes business owners make when leasing space?

Answer: One major mistake is not negotiating renewal options or missing the deadlines to exercise them. This can eliminate leverage and significantly increase future rent costs.

/ Commercial Real Estate

About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.