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In Challenging Times, Do the Right Checks on Your Tenants

Credit checks aren’t enough. The risks are much broader.

Here’s a bad combination of factors in the office segment of CRE: most businesses expect a recession in the near future, and although office vacancy is about 15.1%, occupancy is somewhere between 43% and 44%.

The former means that corporations will expect to cut costs to lessen the impact of a recession. The latter kicks in because if your company doesn’t seem to need something it has been paying for and saving money is a critical strategy, cutting those extraneous costs would seem a logical conclusion.

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Erik Sherman

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