Top 12 Mistakes Tenants Make When Leasing Space (part 1 of 12)
#1 Most Common Mistake
Paying Too Much Rent
Businesses who fail to obtain accurate, current market research may pay too much rent. How would you know? What are you not seeing and hearing by calling on signs in windows of spaces you see? The answer to “what is the asking rent here” may not be as carved in stone as the answer you get from a landlord or his broker. Landlord "flexibility" changes constantly depending upon many factors. Current occupancy rates in their buildings, tenant mix and desired uses for vacant space, financial strength and long term viability of the tenant are just a few.