The Real Deal Miami

Tenant retention now a priority

November 03, 2008 10:30AM

Departing tenants didn’t faze South Florida landlords during the boom. Now building owners are ready to bend over backwards to keep them. Tenants who can pay rent are a prized commodity, and landlords are working harder to maintain properties, quickly fix problems and even delay rental payments to keep companies in their buildings. Landlords are ready to negotiate to keep their vacancy rates low, and companies are ready to take advantage of the shifting balance of power.