Commercial Leasing

Ground Leases and Building Leases

by Administrator on Jun 26, 2015 • Commercial Leasing • 1846 Views

Establishing ground lease rates and / or commercial building lease rates in a lease that will continue to remain reasonable for both an owner and a tenant over the long-term is a difficult task. As the Economist for the Arizona State Land Department’s Commercial Leasing Section back in the 1980’s I was part of a team that attempted to establish long-term rates on vacant properties for several State-owned properties, and while I did not remain to see it I am sure that every one of the leases that I helped to establish eventually required a renegotiation.

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