If you are happy in your current space in Manhattan, extending your lease term is usually the easiest, most efficient, and most cost-effective solution for your business.
Before renewing a lease, there are a few things most business will (and probably should) do including:
If you have done the above, you are in a great position to make a decision as to whether staying in your current space at the rates you’ve negotiated is the best move.
As your representative, we could facilitate all of the above for you:
Like all other commercial tenant-representation services provided by NYC real estate brokers, there is no cost associated to the tenant. A landlord will pay our commission on a new lease and your landlord will pay us (since your landlord would likely be paying a broker anyway to find your replacement).