Will HumphreysVirtual Assistant & Healthcare Recruiting Expert

Lease Renewal: What Landlords Really Lose”

Name: Lease Renewal: What Landlords Really Lose”
Uploaded: 2025-06-23T16:03:35+00:00
Duration: 41 s
Channel: Will Humphreys
Description: Will Humphreys explains what landlords actually lose in lease renewals. Starting two or three dollars above market can leave you overpriced, and tenants…

23 Jun 2025 · 1 min

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0:41

Will Humphreys explains what landlords actually lose in lease renewals. Starting two or three dollars above market can leave you overpriced, and tenants will demand free rent, renovations, or lower rates. Vacancy, re-leasing costs, and build-out downtime add up fast.

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Start out two, three dollars a foot above market. Now you're way over market. And then they just sign off on their next lease renewal. And so a lot of healthcare providers don't realize this. You know, everything's in play on a lease renewal. Free rents in play, renovation allowances in play, lower lease rates in play. And you have to ask the question, if you move out of the space, what is it going to cost the landlord to release that space? How long will it sit vacant? How much money will they lose when it goes vacant? How much time will it take to release it? If the new person needs a build out, how long will it be in a build out period for where they're not getting rent? And then how much free rent are they going to give? What does it cost to do a new deal? And you add up all that amount of money and it's significant for landlords.