The average time a tenant stays in an office space can vary widely depending on several factors such as lease terms, market conditions, and the tenant’s business needs. Generally, most office tenants remain in their space for about 3 to…
The average vacancy rate in commercial office spaces varies depending on location, market conditions, and the economic climate. In a strong market, vacancy rates tend to be lower, hovering between 5-10%. However, during economic downturns or periods of oversupply, vacancy…
Commercial lease auctions, where office space is put up for bidding, offer unique benefits to both tenants and landlords. These auctions can create a dynamic and competitive marketplace that drives better outcomes for both parties, blending traditional leasing processes with…
