Upgrading During the Downturn to Attract, Retain Tenants

As the recession wears on and continues to affect commercial real estate, industry professionals' instinct is to rein in spending, cut back to only essentials, and try to maximize profits. So it is surprising that real estate experts are recommending that commercial property owners invest in building upgrades to add value for current and prospective tenants, and offer lease incentives, such as two months rent-free, to fill empty space. What seems like splurging actually is a very good business decision that you should think about making, too.