In order to attract businesses and keep them, more landlords are offering attractive deals.
Reduced rent and other incentives are becoming more commonplace as landlords work to attract businesses and keep existing tenants in place.
Since the recession first hit home, financial incentives offered by landlords to existing and incoming tenants — offers such as reduced or deferred rent that were once merely thought of as deal-sealers — have become commonplace. When businesses suffer from a lack of sales, many landlords forgo some rent revenue to keep tenants in place.
And these days, the deals landlords are making to attract renters to open office or retail space have only become sweeter: months of free or discounted rent, higher allotments for improvements to make an office space fit a tenant’s needs and other incentives offered on a case-by-case basis.
Read the full story at The Bulletin.
{biztweet}Oregon business rent deal{/biztweet}
