The Challenge After an initial 7 year term, Emco’s lease was coming up for renewal in Kitchener, ON. The location was good, the building met the needs of the operation and the lease provided for a 5 year renewal option. On paper, it seemed like a straight forward process however, market rates for similar space had…
For those looking for a place to run your business, entering into a commercial real estate negotiation might seem as straightforward as renting your first apartment. Many of the moving parts feel the same: there’s a lease, you pay rent, you have a landlord, and it’s all very straightforward. But in fact, a commercial real…
Dealing with lease renewals and deciding whether or not to move out of your current business location can be a stressful process. It can be difficult to know whether you’re making the best decision for yourself and your business to stay where you are or if there are other locations better suited to your needs.…