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Strobl Sharp PLLC

Strobl Sharp PLLC

Business and Corporate Law Firm

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(248) 540-2300

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    • Henry J. Andries, Jr.

      Henry J. Andries, Jr.

      Member

      Phone: 248.205.2710

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Healthcare Law, Labor & Employment, Litigation, Real Estate, Tax

      Experience

      Since 1995, Henry J. Andries, Jr. has engaged in private practice with a concentration in employment law, complex civil litigation...

    • Lynn M. Brimer

      Lynn M. Brimer

      Member

      Phone: 248.205.2772

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Banking & Financial Services, Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Litigation, Mergers & Acquisitions, Non-Profit Law, Real Estate, Tax

      Experience
      • Assist taxpayers with representation before the internal Revenue Service, the State of Michigan Department of Treasury and other taxing authorities...
    • Jon P. Everly

      Jon P. Everly

      Managing Member

      Phone: 248.205.2759

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Non-Profit Law, Real Estate, Tax

      Experience
      • Advises closely held businesses and their owners in a broad range of legal matters, including formation, taxation, succession planning, and...
    • Michael L. Geller

      Michael L. Geller

      Member

      Phone: 248.205.2770

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Healthcare Law, Labor & Employment, Litigation, Real Estate

      Experience
      • Advises and assists clients in the creation and structuring of their business entities.
      • Regularly counsels clients relative to employment issues that...
    • Paul M. Kavanaugh

      Paul M. Kavanaugh

      Member

      Phone: 248.205.2711

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Healthcare Law, Labor & Employment, Mergers & Acquisitions, Real Estate

      Experience

      In his more than 30 years of practicing law, he has helped businesses protect their financial and intellectual property, minimize...

    • Jay R. LaBarge

      Jay R. LaBarge

      Member

      Phone: 248.205.2778

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Healthcare Law, Mergers & Acquisitions, Non-Profit Law, Real Estate, Tax

      Experience
      • Advises clients on a full range of real estate matters, including drafting and negotiating purchase agreements and residential, commercial and...
    • Randi LaFave

      Randi LaFave

      Associate

      Phone: 248.205.2712

      Office: Bloomfield Hills

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      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Labor & Employment, Mergers & Acquisitions, Real Estate, Tax

      Experience
      • Counsels start-ups and growing companies on fundraising, including preparation of private placement memorandums
      • Works with clients to uncover and resolve bank...
    • Brian J. McCullough

      Brian J. McCullough

      Member

      Phone: 248.205.2715

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Healthcare Law, Real Estate

      Experience
      • All legal aspects pertaining to healthcare providers, including licensing, certification issues, survey and compliance issues, Medicare, Medicaid and other insurance-related...
    • John Monnich Jr.

      John Monnich Jr.

      Associate

      Phone: 248.205.2735

      Office: Bloomfield Hills

      Connect:

      Practice Areas

      Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Labor & Employment, Litigation, Mergers & Acquisitions, Real Estate

      Experience
      • Represents plaintiffs and defendants in business litigation matters.
      • Performs all aspects of litigation, including legal writing, discovery strategy and evidence gathering,...
    • Pamela S. Ritter

      Pamela S. Ritter

      Member

      Phone: 248.205.2765

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Litigation, Real Estate

      Experience
      • Counsel to lenders in a range of loan origination transactions, including commercial and industrial loan facilities, real estate and construction...
    • James A. Rocchio

      James A. Rocchio

      Of Counsel

      Phone: 248.205.2748

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Mergers & Acquisitions, Tax

      Experience

      Mr. Rocchio has deep expertise in the area of taxation. Over the course of his legal career, he has counseled...

    • Michael T. Scullen

      Michael T. Scullen

      Of Counsel

      Phone: 248.519.2450

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Business Law, Commercial Contracts, Estate & Succession Planning, Real Estate, Tax

      Experience
      • Advises individuals and families on estate planning and probate avoidance planning, including revocable trusts, wills, financial and medical powers of...
    • Sean T. Scullen

      Sean T. Scullen

      Of Counsel

      Phone: 248-205-2721

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Estate & Succession Planning, Real Estate, Tax

      Experience
      • Advises on estate and asset protection planning, including revocable and irrevocable trusts, financial and medical powers of attorneys, wills, deeds,...
    • Nelson B. Stieper

      Nelson B. Stieper

      Of Counsel

      Phone: 248.205.2742

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Estate & Succession Planning

      Experience
      • Performs probate and trust administration, revocable and irrevocable trusts, wills, special needs planning, gift planning, and asset protection
      • Advises on divorce,...
    • Thomas J. Strobl

      Thomas J. Strobl

      Member

      Phone: 248.205.2713

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Labor & Employment, Mergers & Acquisitions, Real Estate, Tax

      Experience
      • Advises a broad spectrum of purchasers and sellers in merger and acquisition transactions involving primarily private companies.
      • Represents financial institutions and...
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    • Business Law
      • Commercial Contracts
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      • Mergers & Acquisitions
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  • Contact Us

Commercial Real Estate: Tips to Increase Office Space Occupancy and Improve Tenant Retention

September 30, 2021

As hybrid offices become increasingly popular, commercial landlords are faced with the challenge of falling occupancy rates. The hybrid work environment puts greater emphasis on flexibility, as tenants are demanding shorter lease terms and adjustable lease space to better accommodate the workspaces they are providing their employees.

In response to this challenge, proactive commercial landlords can use the following strategies to renew current leases and attract new tenants.

  1. Communicate. Initiate a conversation with your current tenants about their concerns and help resolve them well before lease expiration. The best outcome for all parties will occur when tenant and landlord maintain an open dialogue on the tenant’s changing needs. Simply sending a copy of the current lease with updated terms as it nears expiration is a recipe for non-renewal.
  2. Be flexible. Understand the current lease market has a surplus of five- and ten-year leases that are becoming available, thus increasing the inventory for companies seeking to lease on more flexible terms. Landlords should be mindful of these market conditions when competing for potential tenants.
  3. Consider upgrades. Convert office property to flexible workspace to differentiate yourself from competitors. Landlords should be looking for opportunities to partner with tenants in investing in upgrades that will enhance value for both sides.
  4. Invest in marketing. Research preferences of both current and potential tenants to create a marketing strategy to use in generating increased exposure through various marketing channels. For example, a program could be started to encourage referrals from your current renters by offering incentives for leads to potential tenants.

Each of the strategies depends on a landlord developing awareness to better respond to the changing market conditions. The one constant for landlords moving forward is change.

Strobl Sharp is a team of experienced and trusted lawyers that can advise on all legal matters relating to commercial real estate. For more information, visit Strobl Sharp online at StroblLaw.com or on LinkedIn.

Uncategorized commercial landlord,  Commercial Lease,  commercial real estate,  flexible workspace,  office occupancy,  office space,  tenant retention

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At Strobl Sharp PLLC, our attorneys are committed to your team. We collaborate with clients to share our expertise and guide them to success.

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(248) 540-2300

300 East Long Lake Road
Suite 200
Bloomfield Hills, MI 48304

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