Ads for property sales decline in the classified sections of newspapers. Typically, concessions lower the net operating income of the real estate, which in turn lowers the value. In fact, in real estate it is a triple hit. The capitalization rate is raised, and this further reduces the value of the property. No, it is not.
Actual circumstances are usually worse.
This example uses only one concession, and that is a rent concession. Rent concessions imply that rent will be free for a designated period. A one-month rent concession with no other concessions is very conservative. That's a perfect description of concessions and their impact on real estate. Because concessions go by friendly names.