More and more people are starting to feel like “retail is dead” and with several retailers like Sears, Payless, Toys R Us, and others filing bankruptcy and closing countless stores, it’s understandable that people would feel like there is a retail apocalypse happening. The truth is, according to a recent study by Deloitte, approximately 90% of retail sales are still happening in brick-and-mortar locations.
Read MoreAnother side of being a broker is when a client contacts you and asks how they can end a lease early. Typically speaking a company is bound to a commercial lease, and many times there might also be a personal guarantee from one of the owners of the company. The responsibility to make payments on the lease go hand in hand with the entire lease term, in some cases for many years. So what happens when a tenant can’t make their lease payments due to changing economic times?
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