Retail landlords have a legitimate concern when it comes to whether a tenant space is actively in use; industrial and office landlords, less so. If it isn’t obvious why to readers, here is a short list of some key concerns:

• Vacant space makes a project less desirable to potential tenants.

• Vacant space scares potential lenders.

• Vacant space invites crime.

• Vacant space incurs higher insurance rates.

• Vacant space depresses sales for other tenants at a retail project.

• When a Tenant vacates space, it can be an early indication of pending financial problems.

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