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Retail Leasing in Tough Times

By Lars Andersen

It is no secret that most retailers today are facing some of the most difficult economic challenges they have ever encountered, and as retail tenants go, restaurant operations have certainly suffered some of the worst of it. As a result, tenants have been forced either to focus diligently on reducing fixed costs, or close their doors. Rent and labor costs are typically the first fixed-cost line items to be scrutinized. Landlords of retail properties are clearly suffering as well what with record vacancy levels and a glut of space inventory (especially so for “B” quality and lesser properties). This article discusses opportunities that tenants should consider toward reducing fixed-rent costs, and obtaining more favorable lease terms.

Tenant's Request for Rent Reduction

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