What is mark-to-market?
Re-leasing in-place space at current market rent when a below-market lease expires, closing the loss-to-lease gap. Faster for short-lease assets (multifamily) than long-lease assets (office, retail), where contract rent is locked until rollover.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.