"These “concessions” essentially equate to lowered rent if considered in aggregate, Paul Habibi, a real estate professor at UCLA’s Ziman Center For Real Estate and an apartment building owner, tells Curbed. Why offer them instead of a lower monthly rate? Habibi says high “contract rents” represent a high earning potential for a building if a owner decides to sell. Of course, when the lease period is up, the days of free rent are up, too."
Recent Comments