REITs worked hard to hold on to industrial and office tenants

08/6/2009 | CoStar Group

Office and industrial REITs said they've put in a lot of effort and delivered some new incentives to bolster occupancy rates. "We are as competitive as anyone and plan to be that way, if it's in the first three years or four years of the lease," said Hamid Moghadam, chairman and CEO of AMB Property Corp. "But we're not going to sign a 10-year lease that will depress the value of the property for a long time."

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