Practical guidance for tenants comparing office buildings, renewals, parking, buildout costs, concessions and lease terms in Detroit, Southfield, Troy, Novi, Royal Oak and Livonia.
Most office tenants should start renewal planning long before the landlord sends a proposal. Use market data, alternatives and timing to create leverage.
Parking is a lease term, not a side issue. Metro Detroit tenants should negotiate spaces, ratios, visitors, reserved parking and future growth before signing.
Downtown Detroit office tenants should compare more than rent. Use building class, parking, age, available SF, concessions and renewal leverage before signing.
Tenant improvement allowance can change the real cost of an office lease. Metro Detroit tenants should understand buildout, timing and landlord work before signing.