Can You Negotiate Office Space Rates?

Denver office space rental

Office space leasing is a business transaction like any other, which means that there is usually room for negotiation. Some Denver office space rental contracts are not standard documents that are carved in stone, so here are some tips about how to negotiate the terms that work best for you:

  • Determine your leverage – your negotiating position depends on the leverage you have. To determine that, try to find out as much as possible about the lease – for example, if the space has been vacant for a long time and there weren’t many companies interested in renting it, you are in a very good position to lower the rent;
  • The duration of the lease – landlords are interested in having their spaces occupied all the time, therefore they are more willing to make concessions if you rent the space for longer periods;
  • Tenant improvements – if the space you want to rent can do with some improvements, such as a fresh coat of paint on the walls or new flooring, you might be able to lower the rent if you agree to implement those improvements yourself. If this is an option, make sure that the exact details of the improvements are correctly included into the lease contract.