As Cities Go Dark, Tenants Gain
Upper Hand in Office Lease Negotiations
Pandemic Slows Demand, Pushes Landlords to Close Deals Quickly, With Concessions
By Cara Smith-Tenta | CoStar News | March 24, 2020
As the U.S. commercial real estate market reckons with the rapid spread of the new coronavirus, office brokers and analysts are bracing themselves for a market that favors tenants when, just days ago, the nation was broadly experiencing one of the strongest demand benefiting landlords.
For proof, look no further than a deal closed in the past week by Coy Davidson, a senior vice president in brokerage Colliers’ office group in Houston. Davidson, who was prohibited from naming the landlord and tenant by a nondisclosure agreement, said the office tenant — a health care company looking to lease 8,000 square feet — and the property owner of a “very expensive space” in a “high-profile building” were negotiating back-and-forth over price, “and, all of the sudden, the world started changing.” READ MORE
Latest Research Paves the Way to the Best Decisions
This thorough report updates the Office Tenant and Buyer on Denver’s Office Market (not including the Boulder Office Market, which is separately broken out below) for the 4th Quarter ending December 31, 2019.
Here’s a comprehensive report that provides Industrial Tenants and Buyers with an update on the Flex and Warehouse segments of Denver’s Industrial Market (again not including the Boulder Industrial Market, which is separately shown below) for the 4th Quarter ending December 31, 2019.
This detailed report updates Office Tenants and Buyers on the conditions in Boulder’s Office Market for the 4th Quarter ending December 31, 2019. (Note: This report does not show any information about the Denver Office Market, which is available above.)
This extensive report provides Industrial Tenants and Buyers with an update on the status of the Industrial Market for Flex and Warehouse buildings in Boulder, Colorado, for the 4th Quarter ending December 31, 2019. (Note: It does not include any information about the Denver Industrial Market, which you can find above.)
This detailed report updates Office Tenants and Buyers with a look at current market conditions in Austin/Round Rock’s Office Market for the 4th Quarter ending on December 31, 2019.
Industrial Tenants and Buyers in Austin/Round Rock can quickly get up to speed on the latest market conditions for Flex and Warehouse properties through the 4th Quarter ending on December 31, 2019.
Here’s a report that provides Office Occupiers with a complete update on the National USA Office Market for the 4th Quarter that ended December 31, 2019.