Coretz - Commercial Real Estate Tucson

Renters of commercial real estate can find one bright spot in this dim economy. Landlords are negotiating more attractive packages to fill their empty spaces and keep good tenants from leaving.

“We’re finding that landlords are asking for rents somewhere between 20 and 30 percent lower over last summer in order to fill their empty spaces,” says Michael S. Coretz, broker with Commercial Real Estate Group of Tucson. “For some building owners, it’s better to keep some revenue coming instead of none at all.”