CRE Investor Tip of the Week | Be The Bank For the Right Tenants
Updated: 4 days ago
Be the bank for the right tenants
Relocation or expansion for commercial tenants will be a substantial cost for most. Offering incentives for improvements such as contributions or partial reimbursement for build out can provide the right prospective tenants the capability needed to sign a long term lease for one of your spaces. Add the amortized amount of the incentive amount to the lease rate over the course of the term of the lease to recover the investment in the space.
Managing expectations and having agreements in writing is a must. Seek the appropriate expert to help bridge the needs and wants of both landlords and tenants. Don't miss out on another potential long-term tenant. Call us today at 904.834.9809