Dictionary of Business Terms: prime tenant
prime tenant
in a shopping center or office building, tenant who occupies the most space. Prime tenants are considered creditworthy and attract customers or traffic to the center.
Dictionary of Real Estate Terms: prime tenant
prime tenant
in a shopping center or office building, the tenant who occupies the most space. Prime tenants are considered creditworthy and attract customers or traffic to the center.
Example: Huntley is developing an office building with 40,000 square feet of leasable space. Of this, 20,000 square feet are preleased to a prime tenant, Diesoil. The credit rating and prestige of the prime tenant allow Huntley to obtain financing and prelease the remaining space to other tenants.
