Property Management
What is 'tenant mix' and why is it important in commercial property management?
AThe ratio of local to national tenants
BThe composition of tenants in a commercial property, which affects the property's viability, complementarity of businesses, and overall performance✓ Correct
CThe diversity of lease terms within the building
DThe combination of office, retail, and industrial tenants
Explanation
Tenant mix refers to the combination of tenants in a commercial property. A well-planned mix creates synergy (complementary businesses attracting the same customers), while a poor mix can lead to tenant conflicts and customer confusion.
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