06/23/2026
Many organizations review a lease renewal the same way every time.
Check the rate.
Compare it to market.
Sign for another 5 years.
And move on.
What rarely happens:
A review of whether the space still fits how the organization actually works.
A cost estimate of what reconfiguration and renovation would require.
A model showing the total occupancy cost over the full new term.
A conversation about whether this location still makes strategic sense.
Lease renewals feel routine.
But they are capital decisions.
A 10,000 sq ft lease at $35 net plus $25 additional, renewed for 7 years, represents over $4M in committed occupancy cost.
Most organizations spend more time reviewing a $50,000 equipment purchase than a $4.2M lease renewal.
The lease renewal window, typically 6 to 12 months before expiry, is also the highest-leverage moment to renegotiate, reconfigure, renovate or exit.
Once it closes, so does the opportunity.
Decide before you commit.
Xenofan
Capital Decision Intelligence