Tenant right to be offered adjacent space before the landlord markets it.

  • Tenant right to be offered adjacent space before the landlord markets it.
  • A ROFO requires the landlord to offer specified space (typically a contiguous floor or block) to the tenant on the same terms as it intends to offer to the market, before doing so.

Right of first offer (ROFO)

Lease structure · Global

Short definition

Tenant right to be offered adjacent space before the landlord markets it.

Full definition

A ROFO requires the landlord to offer specified space (typically a contiguous floor or block) to the tenant on the same terms as it intends to offer to the market, before doing so. Less restrictive than a hard expansion-right">expansion right.

Why this matters for Class A leasing

Right of first offer (ROFO) is part of the lease structure vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

See also

Related topics

  • Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
  • Sublease Strategy — How to use the sublease">sublease market — both as a tenant taking sublease space and as an over-supplied incumbent offloading.