Ways to identify Tenant Lease Expirations?
Besides relying on databases like CoStar, does anyone have any other tips on how to identify when large tenants are expiring. I know everyone has their own secrets, but there's gotta be well-known ways to do it?
[{"id": "copc9yy", "text": "call them and ask. Sometimes it is really that easy. :)", "replies": [{"id": "copine4", "text": "Couldn't agree more. Any owner that is active in the market shouldn't have a problem giving up this information (especially if you are providing them with something in return like an OV or market info) ", "replies": [{"id": "copxzzk", "text": "Yup.  Suck it up and foot/phone canvass a neighborhood. Build a stacking plan.  Good luck.  There are no short cuts or tricks.\n\nCostar isnt reliable, especially in large markets.", "replies": [{"id": "cornr1c", "text": "problem is, most buildings have security. Also, I don't see why an owner would give that info up, let's say a tenant rep broker calls the building and asks for a large tenants lease expiration. Turns out the tenants lease expires soon, broker then calls up tenant to help find tenant move for better space.", "replies": [{"id": "corz26f", "text": "I meant canvass the tenants, not the owner.  As far as security you just have to figure out a way to get by them. Then walk into a company and ask for the decision maker.  When the receptionist shuts you down ask them when the lease expires.  If they dont know ask for someone who does.  Its tough but thats what separates the men from the boys.\n\nIf you get kicked out of the building, get on the phone and cold call everyone in the building.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "coqfb93", "text": "When you call on companies for your listings and are told they still have a long time on their lease etc make sure you have a system for keeping track of that.  Not particularly helpful now but as they build up and time goes on all those wasted solicitations wind up being a great lead source", "replies": [], "depth": 1}]