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Offering ROFOs is a great way to attract flourishing businesses. But it comes at a price.
Moving to a different building can be costly and disruptive. Accordingly, tenants that are growing rapidly may seek rights to expand within the building in case they run out of space. One way to accommodate this need is to grant what’s called a Right of First Offer (ROFO) giving the tenant dibs on space that becomes available in the building.
