Changing Face of Commercial Real Estate – Flexibility
The old model of long term ‘handcuffed’ leases with fixed footprints and extraordinary provisions to pass through any types of imagined expenses that might occur – or actually never will – is not the buyer market in 2018. Lessees want simplicity and flexibility. Even WeWork – known for flex office space, but mostly for co-working individuals, is now leasing space with large office footprints in major markets. Below from Nov. 1 Boston Globe article included at this link: ht