PHOENIX OFFICE MARKET JUST POSTED 3RD STRAIGHT QUARTER OF POSITIVE ABSORPTION
- Renee Ervanian
- 6 days ago
- 1 min read
AS RENTS RISE, NEGOTIATION PRIORITIES SHIFT.
Landlords still value stability above all. A long-term tenant is far more attractive than vacancy, downtime, and the cost of re-leasing a space. Longer-term leases continue to unlock meaningful upfront concessions, including substantial free rent and robust tenant-improvement packages that deliver fully upgraded buildouts.
The critical safeguard for tenants is to limit rent escalations throughout the lease term. When escalations are controlled, staying in place becomes financially advantageous while still capturing the benefits of an upgraded, modernized space and strong upfront incentives.
About The Author
Renee Ervanian is the Managing Broker of Core Commercial LLC, specializing in Metro Phoenix tenant and buyer representation, owner-user sales, acquisitions, and family legacy portfolios. With 20 years of experience advising office, industrial, flex, and medical users across the valley, Renee is known for her deep submarket expertise, negotiation strategy, and tenant-side advocacy, publishing often to help businesses avoid costly lease mistakes and negotiate from a position of strength.
Credibility and Compliance
Core Commercial LLC is an independent Phoenix commercial real estate brokerage focused solely on representing tenants, buyers, owner-user buildings, and family legacy portfolios. Insights reflect Phoenix market conditions and lease structures. For direct buyer representation support, contact:
Renee Ervanian
Managing Broker
Core Commercial LLC
Phoenix Metro Office, Medical, and Industrial Representation
602 330 7482
Comments