In this article, you'll learn:

• The benefits of renewing your lease, including cost savings and improved lease terms.
• Advantages of relocating to better align with business needs and optimize space.
• The impact of the Work From Home movement and economic factors on real estate decisions.
• Key considerations for choosing between renewing or relocating, including market conditions and potential incentives.

The face of industry has changed. The Work From Home (WFH) and Hybrid Work movements initiated a tectonic shift in workplace culture-and there is no end in sight. As a result, it is more than likely than not that your existing CRE properties no longer fit your needs as they used to.  
 
So if your current lease is within a year (or two) of ending, what do you do? 
 
This difficult question is complicated further by any possible recession. Companies are even more hyperaware of their spending and looking to slash their costs wherever they can. But, know that you are in a fortunate position if your current lease is ending soon.