The Reata BizBlog: Concessions on Office Leases Aren't Consistent

Concessions on Office Leases Aren't Consistent

This article (http://www.globest.com/news/1600_1600/newyork/183576-1.html) is talking about the New York City office market, but you could just as easily substitute Dallas in place of New York. Yes, the market is bad for landlords. Yes, tenants have lots of choices and rents have fallen while concessions (free rent, etc.) have increased. But certain submarkets are doing pretty well. Certain buildings have pretty good occupancy. So in those cases, the deals don't look as good and tenants are left questioning why the landlord isn't more aggressive. So you should shop widely when looking for space. And if you really just want to renew where you are, be sure your landlord thinks you will seriously consider moving.

 

 

_________________________________________________________________________

Bob Gibbons

Reata Commercial Realty, Inc. | 2222 W. Spring Creek Pkwy., Suite 210, Plano, TX  75023

972-468-1946 p | 866-439-8015 f | 972-984-8580 m

mailto:bob@texastenantrep.com | http://www.TexasTenantRep.com

 

 

1 commentBob Gibbons • February 17 2010 04:42PM

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