Glossary of Terms

Multi-Tenant Property 2016-05-25 08:00:00

Multi-Tenant Property

Property that has two or more tenants. Compared to single tenant properties, multi-tenant properties can be more management intensive and may have less predictable cash flow. Multi-tenant assets may also have shorter lease than single tenant properties. However, compared to single-tenant properties which are often purpose built for a particular tenant, multi-tenant properties may be considered more standard real estate which is easier to re-lease due to its non-specialized configuration and architectural features. Multi-tenant properties are also not subject to “all or none” occupancy as it the case with single-tenant properties.