Keep Track of Local CRE Market

Keep Track of Local CRE Market

Tenants should periodically consult with an experienced broker to find out the fair market value of their space and the types of concessions, average amount of tenant improvement allowances, and other perks that nearby tenants are being offered. If your lease terms don’t reflect what’s happening with similar tenants in the local commercial real estate market, it might be time to approach the owner of your space and ask for concessions or a break on certain items that would help you do business.

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