The demand for commercial lease space has definitely changed over the last several years, but the structure of these leases has equally shifted in favor of the tenant, according to Quarem Software President John Rice.

Rice described the past 36 months in commercial real estate as experiencing "dramatic shockwaves" due to variable social and economic events, and noted, at the same time, how "little attention" has been given to how commercial leases are now being structured differently.

This week, the company released its negotiation trends for 2023, focused particularly on tenants negotiating shorter lease terms and to gain more "get out of jail" flexibility.

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