Setting lease term and amount for commercial office tenants.

[Travis Reed]

I finally pulled the trigger last year and purchased a 5000 SF commercial office with 3 tenants.  The leases are short at 2 years each. Some due to expire. I do not think any of the tenants intend to leave. 

My thoughts are to increase rent by a reasonable 3%-5% at every renewal like a single family home, however, Should I be pushing for longer leases? 3 year? 5 year? Should longer leases be offered with a cheaper rent or maybe cheaper rent with cheaper yearly escalations? I hesitate to offer a cheaper rent and then lock it in for 5 years with no escalations but i also do like the idea of a 5 year lease! 

Thanks for the help and advice!