Financial Health Verification in the Forefront of Questions to Landlords by Prospective Office Tenants

The list of questions asked of landlords by prospective office tenants as part of leasing negotiations has recently increased in numbers amid reports of some prominent U.S. building owners “experiencing a worsening cash crunch as tens of billions of dollars in debt is slated to come due this year alone.” News of missed loan payments and foreclosure warnings within the office market has sparked an “about-face for many office owners, which previously were the ones demanding information on tenants’ financial standing before inking deals,” with the inquiry by prospective tenants into the financial health of the building and lender taking precedence over the building’s tenant amenities.