In this article, you'll discover:

• How record office vacancies are driving up concession packages from landlords
• The rising concession trends in Class A buildings and how they benefit tenants
• How soft costs are now being included in Tenant Improvement Allowances
• Why this trend in New York City is setting a precedent for office markets nationwide

Record vacancies are putting the pressure on landlords to pull in business- and the way they’re finding tenants is by offering more generous concessions.
However, the promises of these property owners may be a little bit bigger than their pockets because increasing concession packages are eating away at what’s left of their income.
So, let’s discuss the climbing concession trend taking place in the business capital of the world, New York City, and what it means for corporate tenants.