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In this episode of Real Estate Shorts, Alex Moore Kate discusses free rent in commercial real estate. Free rent is a concession where a landlord forfeits or discounts rent to attract tenants. This can help to entice tenants and ease their budgeting concerns. Landlords may offer free rent specials to fill vacancies and improve net operating income and property valuation. Free rent is a win-win for both parties, creating a sense of value for tenants and attracting occupancy for landlords.