S&P Global Market Intelligence reported recently that, “it’s a good time to be in the market for prime New York City office space.” Commercial Real Estate Concessions: Are You Getting the Best Deal? “I think we’re starting to see a cycle that’s beneficial for tenants. It’s going to accelerate more.” Colp-Haber said in the report. However, many tenants that are in the market are disappointed that base rental rates are still high. While base rental rates remain unchanged, what has changed are the concession packages being offered by landlords.