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Dot-Com Tenants Lose Some Luster

ORANGE COUNTY, CA-The beating many tech firms are taking on Wall Street prompts some owners to think twice before leasing them space on Main Street.

By Nidal M. Ibrahim | Updated on August 05, 2000

ORANGE COUNTY-The beating that some high-technology companies are taking on Wall Street has prompted some Southern California landlords to think twice before leasing them space on Main Street.

Local building owners know how all the dot-coms and related firms have driven OC’s commercial real estate market over the past few years. But lately, owners and brokers alike have become more skeptical when such firms begin trolling for new space.

Just as Wall Street has punished many Internet firms for not turning a profit, devalued their stocks and made it difficult for them to tap new sources of capital, so too have landlords tightened their credit requirements. Many owners now ask to see not only financial statements, but also business plans and other information once off-limits to all but company insiders.

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