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Posts Tagged ‘tenants’

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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