Commercial Tenant Lease Concessions Change With The Times

The competition for credit worthy commercial office tenants has never been more fierce.  This is particularly true is secondary and tertiary markets. Prospective tenants are becoming ever more aggressive with respect to demands for rent concessions from landlords. These concessions generally include the usual requests for increased free rent periods, increased improvement allowances and discounted/free employee parking. However, we’ve seen a new wrinkle added to concession list—roof top employee decks. Employees are more conscious than ever of the need to improve the quality of their work environment. Landlords who can…