The leasing company might not have as much leverage as you think. Finding another reliable tenant to take over that much space at once would not be easy. Most l

The leasing company might not have as much leverage as you think. Finding another reliable tenant to take over that much space at once would not be easy. Most likely it would need to be split up into multiple tenants, which means they would need to pay for a certain amount of renovation. It would be much easier and cheaper to have the current tenant stay. Some companies own their own real estate, but that involves hiring a number of people dedicated to managing it. It might be more efficient to outsource that to a landlord. There are probably also tax implications to one or the other depending on the company's situation.