By Trisha Talbot – Contributing writerWith GDP shrinking the past two quarters, quibbles over whether we’re in a recession are fading. The commercial real estate traditional office market is already experiencing a pinch with metro Phoenix at 21% vacancy as companies downsize office space on the heels of the pandemic and continued remote working.
Sale-leasebacks are particularly appealing when a property owner intends to retire in the next 10 years — selling while prices are high enables them to receive optimal value and when the lease expires, they can renew or vacate without concern for market conditions or finding a quality tenant.
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