Negotiate Exit Strategy for Neighborhood with Uncertain Future

February 22, 2010
| Share | Print

In a troubled economy, demographics in the area surrounding a commercial property can shift, resulting in a decline in the neighborhood that causes strip malls and shopping centers to lose customers and leaves a bad impression on office building visitors and employees. Don't assume that the condition of a property when you sign your lease will remain the same over the course of the lease term. Office tenants should be aware of the danger of a declining neighborhood, but are in a better position than retail tenants because office lease terms are typically shorter.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?