As seen in
New York Business
Commercial Real Estate
October 21, 2002
Double jeopardy
By MATTHEW FLAMM
Firms in the market for sublease space are scrutinizing more
than the office fixtures these days. They're also taking a
close look at the credibility of the companies they may wind
up signing deals with.
Tenants are more willing to take
space from a major financial service company than from a technology
firm that may not have strong prospects for survival over
the sublease term, says James Meiskin, president of tenant
representation firm Plymouth Partners, Ltd. If a sublandlord
extends a significant upfront concession package, including
renovation allowances and breaks on rent, the subtenant "wants
to have the comfort that obligations can e met," he says.

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