Industrial tenants need to prepare for large rent increases at renewals amid the supply chain and material cost inflation of concrete and steel. Many of the current leases were negotiated 5-7 years ago and upward pressure in rents (30%) will have an impact on budgets for companies. Get prepared by contacting a CRE Tenant Representation to find solutions and options!
Read more at the original article written by Lynn Pollack here! https://www.globest.com/2022/06/17/industrial-tenants-face-sticker-shock-amid-spiraling-inflation/?kw=Industrial%20Tenants%20Face%20Sticker%20Shock%20Amid%20Spiraling%20Inflation&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20220620&utm_term=rem&enlcmp=nltrplt4