Commercial Rent: Restructuring Leases
Times are tough. There may be some glimmers of light at the end of the tunnel, but businesses are struggling across California, and if Castle is in a position to help, we will.
If a restructured lease will help a business stay afloat, we’ll try to make an accommodation. This depends on the building and the landlord, of course; if we’re authorized to negotiate, terms will vary. For example, if the market rate is $1 per square foot, we might drop it to 85 or 90 cents while extending the lease for another two years.
If all goes well the business stays put, and our clients extend their revenue stream. That’s a balance of interests we’re proud of. We like to call it the Castle Difference.
Category: Renting and Retention Tags: Commercial Rent, Property Management, Restructuring Leases, The Castle Difference
