Our first episode is the first topic in our mini series on Mid-Lease Strategies: Downsizing. What does it mean and how might you go about it?

Downsizing simply means finding a solution with your current landlord to lower your square footage in the middle of your lease term.

One of the easiest ways to downsize is if you have an existing contraction option. This could be a one-time option at a specific date or an on-going option throughout the term.

If your business doesn’t have a contraction option, it’s still worth a conversation with you landlord. Particularly during times of economic distress or other extenuating circumstances, a landlord may be willing to work out a solution that lets you downsize within your space.

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And if you have any questions about downsizing or any other commercial real estate matter, reach out to a Rokos broker today. We are here for you and happy to help.