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Office Building Owners Look for Long-Term Leases

In Market Where Tenants Hold the Upper Hand, Duration Is One Card Some Landlords Can Afford To Play
Term lengths for large leases have shortened in tech-oriented markets such as Seattle, even as they have held steady in other locations. (Anthony Harle)
Term lengths for large leases have shortened in tech-oriented markets such as Seattle, even as they have held steady in other locations. (Anthony Harle)
CoStar Analytics
May 22, 2024 | 8:51 P.M.

With record-high space availability, office tenants looking for suitable space at a good price are in a strong negotiating position. But owners of market-leading office buildings are not without some ammunition in lease negotiations, including leverage to extract long-term commitments.

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