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Pro Offers Tips on Office Lease Negotiations

SAN FRANCISCO-Starboard Commercial President Hans Hansson offers some advice on negotiating leases for office space in an uncertain market. Among them: inquire about the buildings history of operating expenses.

By Michelle Savage | Updated on October 23, 2001

SAN FRANCISCO-Starboard Commercial President Hans Hansson has some advice for companies renegotiating expired leases or negotiating rents for new office space. “With businesses feeling the effects of these uncertain times the one thing for sure, that they can still count on, is that their office lease will eventually expire,” Hansson says.

“If you are a business that will face an expired lease in the coming year there are several points you should remember now more than ever in deciding whether to re-lease in your existing building or consider a move to a new location,” he adds.

The first thing to do is understand exactly how much square footage is currently leased and how much is actually needed. Most leases do not list square footage, instead showing a dollar amount or an approximate rental number, mainly because rent is paid on rentable square footage, which includes common areas of the building that are shared.

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