Current market conditions, while showing signs of improvement with strong first quarter results, continue to represent possibly the best opportunities for companies to pursue early renewals and lease restructurings.
In talking with a friend of mine who specializes in lease restructurings, he emphasized that many landlords have been working with their tenants to combine the costs associated with existing leases with current market rates over an extended new period. Early lease restructurings have given leasing activities a much needed boost for landlords over recent months and he expects this will continue into the foreseeable future, suggesting continued concern about when economic conditions will improve.
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