Gone are the days when a lease renewal was a simple matter of agreeing on a new rental rate and signing on the dotted line. These days, renewals are triggering an opportunity for tenants to revamp space to fit their changing needs. The “blend and extend” lease renewals that were all the rage a few years ago are being replaced by companies that are “rightsizing” space. Blend and extend renewals were viewed as an ideal way to handle the uncertainty in the economy and ...

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