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Seasonal Tenants and Lease Reviews
Retail property owners and retailers alike are always looking for ways to increase their revenues in a cost-effective manner, especially during the holiday season when a large percentage of a retailer's profits are typically earned. Given that owners are still faced with vacancies in their properties (albeit less so than in the past several years), now is the time for retail property owners and retailers to look into possible short-term win-win situations for both parties by entering into short-term holiday arrangements for retailers to utilize vacant space. In addition, retail property owners and retailers should look at their existing leases to see how certain key provisions may impact their holiday season. This article will provide suggestions related to each of these topics.
Short-Term Leases
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
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