One of the biggest mistakes tenants make at the end of their lease term is waiting too long before starting the search for new space or the negotiation of a lease renewal.

A 7,000 square foot tenant that waits until 90 days prior to their lease expiration to ask their landlord for a lease renewal is basically telling the landlord that they are not considering any other options.

The landlord knows that competing buildings 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.

Depending on the size of your office requirement, you may want to allow the following lead times to properly 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 8 Months
	10,000 - 20,000 Square Feet:	8 Months To One Year
	Above 20,000 Square Feet:	Up to 2 Years In Advance