【World Property Journal】U.S. Office Landlords Tenant Concessions Decline for First Time in 4 Years

According to a new report from CBRE, the value of office-leasing concessions - like months of free rent - began to decline in the first half of 2024 in America, and may be near a peak. After four straight years of increases, the average length of free rent provided in new office leases declined in the first half of this year to 9.0 months from 9.6 months in 2023.

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