Renew or Relocate? How to Master the Office New Lease Cycle Efficiently

In today’s dynamic business environment, office lease decisions are no longer just operational but strategic. Whether you’re considering renewing your current lease or relocating to a new space, the process can significantly impact your company’s financial health, employee satisfaction, and operational efficiency.

What are the key steps of an efficient process?

1.Set Clear Priorities

●  Workspace comfort and image

●  Financial efficiency

●  Space optimization

● Rent per workstation

These priorities will guide your decision-making and help you benchmark options effectively.

2.Adopt the Right Mindset

Approach the process as if relocation is a real possibility, even if you intend to stay. This mindset empowers your company during negotiations and ensures you explore all viable alternatives.

3.Structure the Process Professionally

A well-structured lease cycle includes:

●  Market review and site visits

●  Internal analysis and decision milestones

●  Fit-out planning and cost approvals

●  Lease agreement signing

Using time strategically ensures you’re not rushed and can negotiate from a position of strength.

Note: Depending on your company’s size and the terms of your current lease, the process should begin 8 to 24 months before the contract expiration. We can customize the infographic below to reflect your company’s specific needs – the current version is provided as an example.

Infographic: Efficient Lease Cycle

4.Choose Your Approach: Do It Yourself or Work with a Professional Consultant

What are the advantages of working with a professional consultant?

●  Determination Message: Sends a clear signal to the landlord that you are ready to stay or leave, depending on the offer.

●  Objectivity: Keeps negotiations in a professional and neutral framework.

●  Market Intelligence: Access to real-time transaction data.

●  Off-Market Opportunities: Discover sub-leases and hidden opportunities.

●  Decision Support: The consultant prepares a decision report for your Board.

●  No Cost for you: Professional developers have in their budget a chapter for the transaction’s fee, both for identifying new tenants and for the renewal of the existing ones.

Conclusion:

Whether you’re renewing or relocating, the lease cycle is an opportunity to optimize your workspace and costs. Let’s discuss how we can support your next move.

Schedule a 30-minute meeting at your office or via Microsoft Teams to explore tailored solutions for your company.

Please contact the ESOP team by filling this brief form, or by phone (+4) 0723.26.61.97 or (+4) 021.528.04.40. We’ll promptly answer your inquiry!

ESOP’s portfolio includes, among others, business parks, industrial parks, office buildings for rent in Bucharest, warehouses for sale, land for sale.