Overall, the Columbus Region continues to be vibrant and healthy. Rental rates continue to inch up in favor of landlords, resulting in new construction – 500,000 square feet in the office sector; 4,000,000 square feet in industrial; and 1,400,000 square feet in retail.
Though is it good news that our market is healthy, shrinking vacancy and rising rental rates is resulting in greater leverage for landlords when negotiating new leases.download movie Hardcore Henry 2015 now
For tenants seeking new space for lease, never has it been more important to partner with an experienced commercial real estate agent to assist with not just finding available space, but negotiating terms that are fair and clearly understood by the tenant. Although most tenants focus on the asking rate, equally important can be the tenant improvement allowance, option terms, and control of operating expenses that are passed through to the tenant.
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