In this podcast episode, Chris and Justin discuss various aspects of supply chain logistics, focusing on the concept of blend and extend leases. They explore the reasons behind this leasing strategy, the importance of landlord contributions to building improvements, and strategies for landlords to attract tenants to vacant properties. The conversation highlights the current market dynamics and the need for flexibility in leasing agreements.

Key Takeaways

• The busiest airport for freight in the US is Memphis.
• Blend and extend leases are becoming more common in today's market.
• Landlords may need to contribute to building improvements to attract tenants.
• Vacancy rates are a concern for landlords in the current market.
• Short-term leases can be a strategy for attracting tenants.
• Understanding tenant needs is crucial for successful leasing.
• Landlords are willing to negotiate to maintain occupancy.
• Capital investments in buildings can lead to better lease agreements.
• Market rates are higher than legacy rates for many tenants.
• Creative leasing strategies are necessary in a competitive market.

Chapters

• 01:29 - Exploring the Concept of Blending and Extending Leases
• 03:12 - Factors Influencing the Decision to Blend and Extend
• 05:36 - The Role of Building Improvements in Lease Negotiations
• 06:24 - Strategies for Leasing Buildings in a Competitive Market