Susan Matejcak quoted in article “Office rent disputes trickle in as tougher lease negotiations loom”Debtwire.com 06/25/20
Landlords and tenants are currently facing office rent disputes in courts and boardrooms due to a heavy amount of missed payments that are overwhelming the retail sector. Real Estate Investment Trust (REITs) companies plan to closely watch how tenants’ office spaces will evolve and see if there are any changes needed due to more people working from home or meeting the new social distancing needs.
Below is an excerpt:
“Retail was obviously what we first heard about,” Susan Matejcak, a partner at Quarles & Brady in Chicago, said of the rent battles. “But what my clients are telling me is we might see more on the office side, not specifically from the pandemic but from the economic hardship that is following it.”