WHY MORE TENANTS ARE BECOMING BUILDING OWNERS IN Q3 2026 AND WHAT IT MEANS FOR YOUR LEASE STRATEGY
- Renee Ervanian
- Aug 14
- 1 min read
Tenant behavior is shifting in the third quarter of 2026, with businesses opting to purchase their buildings instead of renewing leases. The trend is accelerating across office, industrial, medical, and retail sectors - and it's being driven by one thing above all else: the math finally pencils out again.
Recent 2026 financing data shows that commercial real estate loan rates have dropped enough to restart owner-occupied purchasing activity that has been frozen since 2023 - 2024. Lower rates are compressing the gap between monthly debt service and comparable rent, making buying financially viable for the first time in three years.
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 also 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
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