Tenant right to match a third-party offer on adjacent space.

  • Tenant right to match a third-party offer on adjacent space.
  • A ROFR allows the tenant to match an offer the landlord receives from a third party.

Right of first refusal (ROFR)

Lease structure · Global

Short definition

Tenant right to match a third-party offer on adjacent space.

Full definition

A ROFR allows the tenant to match an offer the landlord receives from a third party. More tenant-favorable than a ROFO. Negotiate the response window carefully — typically 10-15 business days.

Why this matters for Class A leasing

Right of first refusal (ROFR) 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.