When the Supply of Space Exceeds the Demand, It Is

question 31

Multiple Choice

When the supply of space exceeds the demand, it is common for owners to provide the tenant with a period of free or perhaps reduced rent. This is commonly referred to as a(n) :

• A) tenant improvement allowance
• B) concession
• C) sublease
• D) expense stop

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Definitions:

Moved Upward

Refers to the action or process of moving higher in position or status.

Selective Attention

The process of focusing on a particular object or task while ignoring irrelevant information or stimuli.

Stimulus Array

A set or collection of stimuli presented to an individual in order to elicit responses or behaviors for study.

Mental Set

A habitual strategy or pattern of approach for understanding and solving problems.