Most tenants accept their lease options and conditions as if they’re etched in stone. But just when you think something is non-negotiable in the commercial real estate world, think again.
When the Property Works Advisory Group works on your behalf, they’ll seek more favorable terms and TI allowances. They’ll even renegotiate contracts when sales decline, and restructure or liquidate under-performing properties.
Paying special attention to the bottom 20 percent of locations in the portfolio, they’ll help you make the tough decisions. The most common strategies for managing under-performers include: