Real Estate/Development,
Covid Columns
Dec. 10, 2020
It takes 2 to tango: Commercial lease renegotiation in the age of COVID
As the revenue-strained months march on, the pressure on budgets of law firms and other users of commercial real estate continues to build, like an ever rising reservoir behind a structurally challenged dam. Something has to give.
Tom Turner
Vice President
CBRE
Tom has been an award-winning real estate lawyer and longtime managing partner of Procopio. He has now transitioned into commercial real estate brokerage at CBRE, where is assists law firms, technology companies and others with their real estate solutions.
"It will all be over by Easter." "By the 4th of July it will disappear." Would that these and countless other overly optimistic predictions were true! Even with multiple promising vaccines on the horizon, it seems clear that COVID will be a significant factor in our business and our lives in general for a long time to come.
As the revenue-strained months march on, the pressure on budgets of law firms and other users of commercial re...
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