Weak rental market gives small business owners leverage in talks with landlords
Posted by: admin / Category: New York Real EstateWhile small businesses are still struggling in this weak economy, many are catching a break when it comes to negotiating with landlords.
The weakness in the commercial real estate market comes in part from high vacancy rates in many parts of the country. And many landlords are increasingly willing to cut a deal with renters so they can keep their buildings occupied.
“The balance of power in negotiating a lease or renegotiating a lease in some areas is now with the tenant,” said Janet Portman, an attorney and co-author of “Negotiate The Best Lease for Your Business.” “If the market is awash with space, then you can assume the competition will be tight for rents and you’re going to have some real clout.”
via Weak rental market gives small business owners leverage in talks with landlords.
Tags: california
