Asking Price / Asking Rent
Asking price (sale) or asking rent (lease) is the seller/landlord's stated initial pricing position, used to market the asset and anchor negotiation. The final executed price/rent can differ materially based on concessions, contingencies, and negotiation outcomes.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Marketing / Offer
- Property types
- Residential, Commercial (Retail/Office/Industrial), Mixed-Use
Related terms
List PriceMarket RentPrice ImprovementBest and Final
Marketing and Listing Terms
- Co-Brokering
- Concessions
- Days on Market (DOM)
- Letter of Intent (LOI)
- Listing
- Multiple Listing Service (MLS)
- Offering Memorandum (OM)
- Residential Listing Service (RLS)
- Term Sheet
- Universal Co-Brokerage Agreement (UCBA)
General information, not legal, tax or financial advice.