Given current economic conditions, there are many retailers looking to renegotiate their lease. Landlords know this and should be willing to work with you as a tenant. If you also happen to have an upcoming renewal option or if your current term expires within the next 24 months, you’ll have additional leverage. Here are three levers beyond a reduced rent rate, that will help you come out ahead:

Time to Renew Your Office Lease?

Ways to leverage your position beyond a reduced rental rate.

Business as usual is on hold as landlords and tenants find themselves in unprecedented times. Many businesses, unable to continue operating without significant layoffs and/or furloughs, are looking to cut costs in every way possible. For those in active lease renewal negotiations, or whose current term expires in the next 24 months, you have leverage. Given the uncertainty and rocky economic outlook, landlords are more willing to negotiate. Here are three levers to pull, in the form of concessions, to come out ahead.