Many landlords go full throttle into leasing a high vacancy property that was once full without considering tenant improvement and commission costs. In office deals these costs can run thirty five dollars ($35) per square foot. If you spend that money you may not recapture it when you sell it. You would have been better selling it with a high vacancy and moving on to better deals. You could waste years of time and sweat on what you could achieve now.
Sometimes it’s hard to let go but why prolong the agony on what you can remedy today!
Does this sound familiar? Please call for a full property analysis.
Senior Vice President
Thanks to Dan O’Neill my Investment expert at my company for participating as my guest blogger!