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AUGUST 8, 2008

ATTRACTING AND RETAINING TENANTS DURING A DOWNTURN

- Northeast Real Estate Business


By Abraham Hidary

During an economic downturn, commercial landlords have one primary focus - to keep their buildings filled and their vacancy rates low. Of course, at such times it is extremely important that both the owners and their brokers take an active role in retaining and attracting tenants. But during tough times, this poses a significant challenge that is
easier said than done.

One of the first things that landlords and brokers should do in this economy is evaluate their companies' business plans and determine if their current strategies would suffice
in a tougher economy.

 

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2008-August