MDC acknowledges that the relative success of any deal lies in structuring its many economic terms on a satisfactory basis. This philosophy does not merely apply to the business terms often initially negotiated, but extends to include those other variables which impact cost, efficiency in the use of space and occupancy for both parties.
Knowing this, the company has refined the art of crafting and delivering leases upon terms which it can support, ultimately allowing for contented tenants who are satisfied with their space and feel that their needs have been fairly met and addressed. MDC believes in the compelling economics of lease renewals and orients all of its operations towards the goal of fostering long-term occupancy, through significant tenant retention efforts, early renewal incentives and attentive management. This philosophy has maintained the company's portfolio-wide occupancy rate at over 95% for the last 5 years.