Written by Michael
Hoffman
Current Issues Facing Commercial Tenants & Landlords and Their Solutions
Current economic conditions due to COVID-19 have caused many commercial tenants to consider their lease options more closely. What is typically a routine process has now become somewhat clouded as companies try to match their real estate decisions with uncertain business forecasts due to the uncertainty of COVID-19, even in the second half of 2021. Commercial tenants are facing a host of still-unknown issues, like possible downsizing, efficiency of space utilization, and future needs, that will all impact their real estate needs. In some cases, depending on their core business, the revenue picture is still questionable, and therefore the expense line becomes the primary driver in the lease process.
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