Definition:
The total dollar amount or number
of months of free rent granted by the landlord per lease
term (usually 12 months in apartment properties, longer in
office and retail properties).
Use this tool to find CRE related terms, and their corresponding definitions, as they are used in our reports.
Definition:
The total dollar amount or number
of months of free rent granted by the landlord per lease
term (usually 12 months in apartment properties, longer in
office and retail properties).