Would You Bet Against Jamie Dimon?
We are social creatures. While Mr. Dimon may be right about coming back to the office, I think the motivation will come more from human nature and the need to out-work the competition than a mandate.
Tag: COVID-19
Are Tenants Entitled to Some Free Rent Courtesy of COVID?
Interestingly, after the stay-at-home orders, tenants and their advisors focused their lease reviews almost exclusively on the tenant’s lease obligations and whether they were excused, but spent little time reviewing the landlord’s obligations and whether they were excused.
House [Office] of Cards Awaiting With Tenant Build-Out Projects
The same happens in commercial real estate. When one tenants moves out, another will be moving in. If the current tenant cannot vacate in time, that exposes the successor tenant who won’t be able to move in on time. One holdover begets another holdover. Luckily for the real estate world, these broken chains are usually few and far between and the impact can be mitigated through overtime workers, temporary space or even paying some punitive holdover rent. Now, however, we’re in completely unchartered waters.