If you’re a landlord, common area maintenance (CAM) is a key part of your day-to-day operations.
Retail space has taken a significant hit over the last few years with the market shift to e-commerce. As a result, landlords must come up with creative ways to fill the vacant retail space.
The pressure is on for retail. The evidence is everywhere – from early advertising to aisles full of holiday trimmings in stores as early as Halloween. Retail is fighting to survive and particularly small retailers.
In Part 1, we went over the basics of NNN lease escalations: what they are, the different types of lease escalations and how they work.