Commercial Lending

Landlords Trade Lower Rents for Longer Leases

In lease negotiations, some commercial landlords are offering lower rents in exchange for lease extensions. So reports GlobeSt.com.

JLL said that it conducted 463 lease restructures from July to October for U.S. retail and restaurant clients, leading to $110 million in long-term occupancy cost cuts.

The company said that a pattern during those restructures was cheaper rents, to give businesses more time to restore profitability, alongside the longer leases favored by banks.

Read the full article from GlobeSt.com.

Related Content

Avoid These Commercial Real Estate Acquisition Snafus

Amazon Vows $2B for Affordable Housing in Employment Hubs

Commercial Real Estate Investors Face Difficult 2021

click me