{"id":6407,"date":"2023-06-28T18:58:14","date_gmt":"2023-06-28T18:58:14","guid":{"rendered":"https:\/\/windsor.ancorathemes.com\/?p=6407"},"modified":"2023-06-28T19:07:40","modified_gmt":"2023-06-28T19:07:40","slug":"office-lease-negotiations-are-changing-as-landlords-pull-out-the-stops-to-retain-tenants","status":"publish","type":"post","link":"https:\/\/flaviodiniz.com\/premier\/office-lease-negotiations-are-changing-as-landlords-pull-out-the-stops-to-retain-tenants\/","title":{"rendered":"Office lease negotiations are changing as landlords pull out the stops to retain tenants"},"content":{"rendered":"\n

The office market is decidedly in favor of tenants these days but negotiations over lease terms and tenant requirements have a bit of nuance.<\/p>\n\n\n\n

Landlords are hard pressed to retain tenants as the threat of trillions in commercial real estate-backed loans set to mature in the coming years<\/a> looms large, and values on office properties are taking a hit in the wake of rising vacancy, weak demand and higher interest rates.<\/p>\n\n\n\n

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“It’s been a really strong landlord\u2019s market, quite frankly,” said Dallas Smith<\/a>, founder and CEO of Atlanta-based commercial real estate firm T. Dallas Smith<\/a> & Co. said, referring to pre-pandemic years. “If there’s a silver lining, this is really a good turn for tenants \u2026 This is a good time for them to pull out all the stops.”<\/p>\n\n\n\n

Still, even though space deals can be found right now, office demand has tapered off as more companies embrace remote or hybrid models, relocate and likely downsize into higher-quality space, or defer any major real estate decisions until the economy strengthens.<\/p>\n\n\n\n

A recent survey by commercial real estate technology platform VTS Inc. found 51% of office landlords reported their daily occupancy rates are below 30%. Perhaps unsurprisingly, 87% reported tenant retention as a top priority for 2023, although 41% said they weren’t sure they had insight into upcoming renewals of tenants at risk of leaving, and 22% reported they didn’t have visibility into tenants at risk of economic failure that may be unable to renew their lease.<\/p>\n\n\n\n

Source: https:\/\/www.bizjournals.com\/orlando\/news\/2023\/06\/28\/office-lease-negotiations-change.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The office market is decidedly in favor of tenants these days but negotiations over lease terms and tenant requirements have a bit of nuance.<\/p>\n","protected":false},"author":1,"featured_media":22921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[162],"class_list":["post-6407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-business"],"_links":{"self":[{"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/posts\/6407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/comments?post=6407"}],"version-history":[{"count":4,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/posts\/6407\/revisions"}],"predecessor-version":[{"id":22929,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/posts\/6407\/revisions\/22929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/media\/22921"}],"wp:attachment":[{"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/media?parent=6407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/categories?post=6407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flaviodiniz.com\/premier\/wp-json\/wp\/v2\/tags?post=6407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}