"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."
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For media inquiries: JackSkelley@JSPRLA.com
For general inquiries: ziman.center@anderson.ucla.edu
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About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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