Office tenants are now scrutinizing the financial health of office landlords, as the U.S. office market faces turmoil, missed loan payments, and foreclosure warnings. The shift is a reversal from the past when office landlords demanded information on tenants’ financial standing before sealing deals. The queries come as prominent building owners across the U.S. are facing a worsening cash crunch as tens of billions of dollars in debt is due this year. Some tenants are not negotiating with building owners until they are satisfied and understand the properties’ financial situation.
