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Articles
The Great Recession: What’s An Office Tenant to Do?
During the financial turmoil of the last 18 to 24 months, nearly all office tenants would acknowledge that they’ve been negatively affected financially one way or another. In fact, tenants seeking reductions in monthly rental obligations have deluged many landlords and asset managers.
Virtually every business has been under pressure to reduce its operating expenses, so why should office tenants be any different? Rent is typically the second highest expense (after salaries and compensation) for any business.
So…what can you, as an office tenant, do in the face of the “Great Recession”?