It would appear the world of commercial real estate is only just beginning to show it’s true frailty as a result of the recession. Continued job losses have led to increased loan defaults. Add on hotel underperformance and you have the makings of yet another increase in Commercial Mortgage-Backed Securities (“CMBS”) delinquencies. CMBS late-pays in the U.S. jumped [...]
Posts Tagged ‘tenants’
CMBS Delinquencies On The Rise
Posted in building sale, commercial real estate, downsizing, Forecast, lease, new office, office brokerage, office space, rental rate, square feet, Trends, Vacancies, tagged cmbs, commercial real estate, delinquency, job losses, leases, mortgage, office space, securities, square feet, tenants, underperforming loans on November 21, 2009 | Leave a Comment »
High Times For Tenants in 2010
Posted in building sale, commercial real estate, data centers, downsizing, Forecast, lease, new office, office brokerage, office space, oregon, portland, retail brokerage, square feet, start up, sublease, Trends, Vacancies, vancouver, tagged commercial loans, commercial real estate, cost basis, DCR, debt coverage ratio, lease, loan to value, LTV, office space, retail space, tenants on September 15, 2009 | Leave a Comment »
Many industry experts are predicting 2010 as one of the best year’s for tenants in a long, long time. Why? Because as more commercial properties exchange hands (whether through foreclosure or preemptive moves by distressed owners/banks) the cost basis for new owners will be significantly lower than for the previous asset holders. This will, in turn, push rents [...]
Blend and Extend Option Offers Rent Relief
Posted in commercial real estate, downsizing, Forecast, lease, new office, office brokerage, office space, square feet, start up, Trends, tagged blend and extend, extension, lease, office space, renewal, rental rates, square feet, sublease, tenants on August 3, 2009 | Leave a Comment »
Tenants may have the opportunity to take advantage of lower rental rates through a process termed “Blend and Extend”. What this means is that tenants with two years or less left on a lease can secure lower rent today in exchange for extending their lease for an additional three to five years. Tenants achieve an [...]
Advantage: Tenant
Posted in commercial real estate, downsizing, Green Building, headquarters, lease, new office, office space, oregon, square feet, start up, sublease, Vacancies, tagged commercial real estate, job loss, lease, office space, renewal, square feet, square foot, sublease, tenants, vacancy rate on March 31, 2009 | Leave a Comment »
The loss of more than 4 million jobs over the last 15 months has pushed the national office vacancy rate in 2008 to 14.5% , up from 12.6% in 2007 (based on 79 office markets tracked by the Bureau of Labor Statistics). Office rents grew from 9% to 10.6% between 2006 and 2007, but started a moderate [...]
Commercial Real Estate Update: Office Space Opportunities
Posted in commercial real estate, office brokerage, office space, Trends, tagged commercial real estate, credit market, landlords, leasing, occupancy, office properties, office space, renewals, rental rates, square feet, tenants, vacancy on March 18, 2009 | Leave a Comment »
Office Leasing : Advantage Tenant Recent reports are saying the same thing: the office market is fast becoming a tenant’s market. Nationwide, the vacancy rate rose steadily through 2008 with a spike toward the end of the year. This increase in vacancy is applying downward pressure on rental rates, decreasing occupancy costs, and increasing the [...]