Lease Renewal Advisory
A renewal is a transaction with a deadline built in, and the side that prepares earlier usually gets the better terms. BigSpace advises landlords and occupiers on renewals — with market rent evidence, an honest view of the alternatives on each side, and a timetable that puts you in the stronger position when the conversation opens.
Who This Service Is For
- Landlords with lease expiries approaching
- Occupiers deciding whether to stay or move
- Investors managing lease events across a portfolio
How We Work
Requirement assessment
The asset, the owner’s objectives — income, tenant profile, timing — and the constraints of the lease or estate.
Positioning & marketing
Price and presentation set against live evidence; outreach to the segments that fit; listing and enquiry qualification.
Prospect verification
Covenant, use compatibility and decision authority checked before terms are issued.
Commercial comparison
Offers compared on effective rent and risk, not headline rate.
Negotiation & transaction
Terms benchmarked against comparable deals actually closed, then documentation and registration coordinated to completion.
After-sales support
A named advisor stays on the account: handover, renewals, expansion, disputes and an annual review.
What We Evaluate
- Passing rent against current market rent
- The cost to the occupier of relocating, and to the landlord of a void
- Renewal terms: rent, escalation, lock-in, fit-out refresh
- Timing under the lease’s notice provisions
- Alternatives available to each side in the market
Frequently Asked Questions
When should renewal discussions start?
Twelve to eighteen months before expiry for a large office or industrial lease; six to nine for a small unit. Late starts hand leverage to the other side.
Do you act for both sides?
Never on the same renewal. We advise whichever party engages us and disclose any conflict before taking an instruction.
Is escalation the same as market rent?
No. Contractual escalation can drift above or below the market over a term; a renewal is the moment to reset to evidence, and we bring it.
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Industries we serve
