The last 10 years have been a landlord’s market. This is all changing as collections are increasing and landlords are seeing negative cash flows. As of April, the general consensus was 70% of tenants were paying rent. May and June saw even lower rates of collecting rent as tenants were continuing to be hit by the pandemic. It is a tenant’s market. Capital is tight, landlords may not be able to afford build outs. Each transaction is very specific to the tenant and landlord, and their financial strength.
It is so important to have an experienced broker guide you through these times. An understanding of your landlord’s situation is absolutely essential in lease negotiations. If you have any questions about your current lease, contact GE Grace.
This is a snippet of a class taught by George Grace.