Did That New Retail Lease Hurt You?

Real Estate Broker/Owner with Smith Real Estate Services, Inc. BRE #01381095
You had a vacancy in your center and after a few months, you finally have a new tenant.  Hurray!...or is it?

As with all of real estate, it depends.  Let's look at what that new lease might do to the value of your shopping center.

I. Local or National: If you signed a local tenant, that means you've said no to a national one, in practice.  Investors generally prefer the stability of a national or regional tenant, so when there is a choice, go national.

II. Market Rent: Your agent has shared with you what market rents are but no one has agreed to pay your rent so you accepted less rent to lease the space.  Let's look at one scenario of how this might affect you.

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Comments (1)

Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
Hi Sheryl, As you know, the spirit of Active Rain is to help each other.  The best way that I've found is by hitting each others' website, to improve internet search rankings.  I checked out your website, and I liked the picture of you, and your logo, very professional appeal!  If you have a second, please reciprocate the favor by checking out my website at http://www.southerncaliforniaappraisers.net/
Jan 23, 2008 10:12 AM