Cost Saving Strategies to Reduce Rental Expenses – Market conditions for commercial real estate are currently in a state of flux. While no one knows how severely Covid 19 will affect the market, two things are certain: rental rates will probably decrease, and vacancies will increase. Some tenants will undoubtedly downsize, move to less expensive space or permanently close their doors. All of this market uncertainty will cause landlords to work harder to retain creditworthy tenants. All of these circumstances make it an excellent time for any tenant considering either a renewal or a renegotiation of an existing lease.
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