{
  "url": "https://classa.info/glossary/expansion-option",
  "title": "Expansion option",
  "description": "Tenant's contractual right to lease additional contiguous space.",
  "oneSentenceAnswer": "Tenant's contractual right to lease additional contiguous space.",
  "tldr": [
    "Tenant's contractual right to lease additional contiguous space.",
    "Expansion options range from a soft right of first offer (ROFO) to a hard expansion right with a fixed price and timeline."
  ],
  "keyFacts": {
    "category": "Leasing",
    "regionScope": "Global"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/expansion-option), updated 2026-04-01T00:00:00.000Z."
}