What you'll learn from this article:
- What commercial rent abatement is and how it works
- The strategic importance of rent abatement in commercial leases
- Key considerations and potential pitfalls when negotiating rent abatement
- The landlord's perspective on offering rent abatement
- Critical caveats and conditions tied to rent abatement agreements
Commercial real estate is typically an organization's second most significant cost. So when a huge piece of your budget hinges on your CRE, understanding how to achieve savings is critical.
Rent abatement is an incredible method for corporate tenants to generate savings. How do we know this? As tenant reps we have three decades of experience securing the best commercial properties and features for our corporate clients at the lowest prices.
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