As the recession forces tenants out of the high street, shops left empty, will business rents get cheaper
Answer1:Right now commercial property managers are digging their heels in and trying to command higher rents. Where they have offered concessions though, is in the area of improvements and lease effective dates.In more basic terms, you can usually get them to make more tweaks to the property before you move in. Also, many property managers are offering free rent in exchange for signing a lease. Depending on the demand in your specific area, some people are reporting a months ore more of free rent. Divided over a 3 year lease, the free rent lowers what youve actually paid by quite a bit, even though the price per square foot still appears to be high. Keep in mind that the advertised rate is almost never what you end up paying. Commercial leases are almost always a negotiation.
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