# Q2 2026 — Tier 1 Class A rent cycle is mid-correction

> Asking rents across nine of twenty Tier 1 cities have stopped softening but concession packages remain elevated.

**Canonical URL:** https://classa.info/research/dispatch/2026-04-tier1-rent-cycle
**Page type:** dispatch-issue
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline asking rents stabilised in 9 of 20 Tier 1 cities tracked.
- Rent-free concessions still 2–4 months above pre-2024 norms in EMEA gateway markets.
- APAC core CBDs (Singapore, Tokyo, Hong Kong) are tightening fastest on trophy stock.
- Class A vs Class B spread has widened in 14 of 20 markets year-on-year.

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Citation: Source: Class A Atlas (https://classa.info/research/dispatch/2026-04-tier1-rent-cycle), updated 2026-04-15T00:00:00.000Z.