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With a vacancy rate of 7.82%, the market begins to shift to the tenant’s advantage and creates opportunities for tenants to negotiate more favorable terms. With more sublease space coming onto the market daily, sublandlords are becoming more and more competitive for the few tenants
who are looking for space. With respect to headlease vacancy, landlords are willing to provide various inducements such as free rent, tenant improvement allowances among other terms within leases to attract and secure tenants. The resulting competition between landlords and sublandlords has put downward pressure on headlease and sublease rental rates and we have seen an overall decline in the net rental rates throughout the downtown core.
Contact Julia Sagidova at 403.215.9869 for more information.
  Q2 2009 Downtown Perspective (email).pdf
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