Commercial office space lease term
I have a tenant in office space that’s lease is ending after three years. They are wanting to renew but only for a year. The reason is the state is looking and widening the road in front of the office and they want a quick get away if that happens. Would you all sign a year lease and be stuck when the state starts the road project with an empty building or just start advertising now to get a longer term tenant in there and keep current tenant month to month.