Commercial real estate activity has been set back by a combination of the nation's general economic downturn and a severe credit crunch. In fact, according to a forward-looking index, the forecast for commercial real estate sectors will remain weak for the remainder of 2009.
Although there are tenants out there that are looking to lease commercial space, in today's economy they're much harder to find and, in some cases, even harder to maintain. That was one of the results of a spotcheck on the state of the industry conducted by the Insider.
In “Get Rent Protection with Contractual Lien,” (Insider, February 2009, p. 1), we recommended getting the tenant's signature on the UCC financing statement when it was signing the lease.
