A new phenomenon has recently occurred in our current market that is changing the commercial leasing market for Lessor and Lessee.
The current owner who has flexibility and creativity will be successful in leasing their properties.
The stringent rules regarding monies required for three to six month of rent as a security deposit upon signing of leases are now being negotiated in order to lease space in a very competitive market. This strategy allows for a win-win for both the lessor and lessee.
The lessee moves into the property and the lessor does not sit with a vacant commercial property.
I have found this to be true when often working with new start up companies who have strong financial backing but do not want to put several months of working capital monies into a security deposit in order to sign a lease.
Thus, the owners who have the financial flexibility are being successful in leasing when their competition is not as fortunate in these unpredictable times in our economy.