Sum of free rent + TI + other landlord giveaways.

Sum of free rent + TI + other landlord giveaways.
In current US Class A markets, concession packages run 25–40% of total contract value.

Concession package

Leasing · US

Short definition

Sum of free rent + TI + other landlord giveaways.

Full definition

In current US Class A markets, concession packages run 25–40% of total contract value. Stabilised-occupancy buildings give less; lease-up buildings give more.

Why this matters for Class A leasing

Concession package is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.

Sum of free rent + TI + other landlord giveaways.

Sum of free rent + TI + other landlord giveaways.
In current US Class A markets, concession packages run 25–40% of total contract value.

Concession package

Leasing · US

Short definition

Sum of free rent + TI + other landlord giveaways.

Full definition

In current US Class A markets, concession packages run 25–40% of total contract value. Stabilised-occupancy buildings give less; lease-up buildings give more.

Why this matters for Class A leasing

Concession package is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.