Accommodating clients as they renew or relocate is today's podcast topic. Several inventive solutions have been used recently in our brokerage for solving clients dilemmas with regard to renewing in place or relocating!

• Long term costs
• Customization
• Equity
• Appreciation
• Interest rates
• Flexibility
• Accounting treatment

• Who represents whom?
• Always get your disclosure notice
• Written rep agreement
• Work with an exclusive agent
• Let your advisor speak for you

Several recent topics in the news discussed:

• Smaller leases shape office demand in the DFW area
• Commercial property debt due to mature in 2024 totals $929B, up 40% from earlier estimates
• Hopes of lower interest rates fade as inflation comes in higher than expected
• As Ozempic slims waistlines, it's beefy up on CRE
• Downtown Dallas office tower sells for $8M at auction

• Decline in office occupancy
• Financial strain on real estate
• Building obsolescence and value decline
• Impact on real estate companies and banks
• Shift in real estate investment and development
• Long-term implications for cities
• Potential for transformation

• Lower interest rates
• CRE loan expirations still plague industry
• Continued distress for office
• WeWork rejects more leases
• Conversions no panacea to office distress
• Insurance costs ballooning
• NAR under fire

How is the game, Jenga like commercial buildings?

Landlords want stability while tenants want flexibility - what to do?

Tenants should negotiate for all their rights prior to signing the lease such as early termination, expansion rights, right of first refusal, renewal options, etc.

Landlords face risks such as financial, economic, tenant failure, sublease competition, etc.

Chapter 7, entitled "Ruled by the Ruler" of our book, Confessions of a Recovering Landlord, is all about measurement of commercial spaces. Feel free to email me at Jan@TexasTenantRep.com and I'll email this chapter of the book to you for free.