CRE Still Tenants' Market to Large Degree

Real estate experts say that commercial owners are under increasing pressure to decrease net rentals in order to attract or retain tenants. Sluggish demand and an oversupply of office space will continue into 2012 in secondary markets, they said. That, coupled with the prospect of taking an average of up to nine months to find replacement tenants, has prompted many owners to consider offering lower rent and more tenant-friendly lease concessions and incentives to boost retention.

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