Exact(9)
Far better, as Portas recommended, that landlords show greater flexibility – including lowering rents.
But even in those prime areas, agents say, landlords have become negotiable, lowering rents in individual deals.
The strategy, which can cost landlords anywhere from $90 to $100 a square foot, can be a way to attract tenants without lowering rents.
Moreover, acceding to every harebrained development scheme in the name of lowering rents is like believing that one more highway, bridge or tunnel will reduce traffic.
Rentals are still moving, though these days it's a tenants' market, Ms. Goodman said; owners have resorted to covering broker fees, offering free months, and lowering rents.
Mr. Goldmacher said it appeared the landlord had been committed to the leasing prices it planned to charge when it acquired the building in 2010, and was using prebuilt offices and other concessions to avoid lowering rents.
Similar(47)
Michael Bloomberg proposes providing tax incentives to landlords to lower rents for small businesses.
We returned to a city of empty apartments, slashed fees, lowered rents, and courteous, desperate real estate agents.
Meanwhile, Mr. Meitiner added, many of the shopping centers, eager to keep the Museum Stores, have lowered rents.
Landlords are willing to lower rents for their best retailers — but only those that can prove financial distress.
It would be pleasantly paradoxical if that expansion ultimately leads to lower rents in the Mission.
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