Tenants in ‘catbird seat’ as landlords attempt to fill glut of office space

Commercial real estate brokers suspect that Boulder County vacancy rates have topped out, but they say tenants still are operating from a position of power and could strike the deal of a lifetime – if they strike fast.

“Anybody who’s actually getting toward the end of their lease is really in the catbird seat,´ said NewOption Partners’ Paul Whiteside. “You can always save money in this kind of marketplace and get into a great building. What happens in three or four years? Who knows. But a long-term deal now can pay off.”

Statistics are hard to come by, but consider the anecdotal…