JANUARY 28, 2009
RENEWAL COMMISSIONS GROW IN TENANT'S MARKET
- The Real Deal
Featuring Abraham Hidary
Office building owners struggling to retain their tenants in the weak economy are more likely to pay a full broker's commission on a renewal lease compared to a year ago, landlords said.
Peter Braus, executive vice president and principal at property owner and manager Sierra Realty, said tenant brokers have more leverage in the commercial leasing market today as vacancy rates rise and new tenants are hard to find.
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