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Based on recessionary trends and their impact on the office market, it’s clear that we have reached one of the lower, if not the lowest, points in the cycle. Accordingly, many corporate space users are recognizing this as an opportune time to extend and renew existing leases. Across the board, service providers are touting the benefits of early renewals and restructures. Even some building owners, eager to retain tenancy, are approaching existing tenants to initiate discussions.

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