Office lease negotiations are changing as landlords pull out the stops to retain tenants

The office market is decidedly in favor of tenants these days but negotiations over lease terms and tenant requirements have a bit of nuance. Landlords are hard pressed to retain tenants as the threat of trillions in commercial real estate-backed loans set to mature in the coming years looms large, and values on office properties are taking a hit in the wake of rising vacancy, weak demand and higher interest rates.