Carve Out Right of First Refusal, Right of First Offer to Get Space You Need

The economic downturn several years ago changed the commercial real estate market in many ways, most notably, in tenants’ need for space. Some tenants turned to trying to profit from online sales, which saved money on rent for physical space. Office tenants also tried to shore up losses by giving employees the option of working remotely, from locations outside of the office, saving rent for square footage that wasn’t truly needed.

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