Start earlier than you think
Renewal leverage comes from optionality. If you start 6–9 months out, you have time to validate the market, talk to alternative spaces, and renew from strength. If you start 60 days out, you renew on the landlord's terms.
What to actually evaluate
- Current rate vs. realistic market rate
- Operating cost trends in your building
- Loading, power, and parking changes since your last renewal
- Expansion needs in the next 5 years
- Risk of redevelopment, sale, or major capex
- Alternative space supply for your size and use
The renewal vs. relocation read
Renewing is often the right answer in Vancouver. Moving is expensive, disruptive, and frequently lands you in space that costs more than your current building. But you cannot know that without running the math against actual market alternatives.
"Planning a renewal? Start earlier than you think."