Commercial property tenants have gained enough of an upper hand in lease negotiations that the structure of new leases will see some significant shifts in 2023, according to CRE software specialist Quarem, a cloud-based commercial property platform that organizes and tracks lease data.
Specifically, Quarem reports that lease terms for both renewals and newly leased space will continue to decrease and tenants will negotiate hard for more defined force majeure language and expanded concessions.
Termination options have also moved from popular nice-to-haves to nearly imperative for tenants, especially if a longer-term lease is the landlord’s objective. 
“The demand for commercial lease space has definitely…