The cost to acquire new tenants is rising, with average tenant allowances increasing from $60.33 to $63.92 per square foot in 2025. This indicates a competitive leasing environment and puts pressure on net effective rents and overall deal profitability.
Filing excerpt
The average annual initial base minimum rent for new leases was $65.09 per square foot in 2025 and $66.61 per square foot in 2024 with an average tenant allowance on new leases of $63.92 per square foot and $60.33 per square foot, respectively.
What this signalsFilings often name leadership changes, deals and spending plans.
Regions named
sec-10kpricingPressureGet every 10-K signal for Simon Property and the companies you sell to, in the tools you already use.
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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.
Company
linkedin_urlValue in the APIindustriesValue in the APIemployee_count_lowValue in the APIemployee_count_highValue in the APIrevenueValue in the APIdescriptionValue in the APISignal
signal_nameValue in the APIassociationValue in the APIGET /v1/signals/2cbd9cf1-e025-44ad-8f61-5255c1b7cd93 returns this record as JSON. POST /v1/companies/enrich returns every signal for simon.com.
{
"signal_id": "2cbd9cf1-e025-44ad-8f61-5255c1b7cd93",
"signal_type": "sec-10k",
"signal_subtype": "pricingPressure",
"detected_at": "2026-03-03T05:53:32.145+00:00",
"company": {
"name": "Simon Property",
"domain": "simon.com"
},
"data": {
"detail": "The cost to acquire new tenants is rising, with average tenant allowances increasing from $60.33 to $63.92 per square foot in 2025. This indicates a competitive leasing environment and puts pressure on net effective rents and overall deal profitability.",
"metrics": {
"pct": 0.0595,
"timeframe": "current_year",
"pct_context": "Year-over-year increase in average tenant allowance per square foot",
"dollar_context": "Average tenant allowance on new leases was $63.92 per square foot"
},
"summary": "Tenant allowances for new leases increased 6% to $63.92 per square foot",
"excerpts": "The average annual initial base minimum rent for new leases was $65.09 per square foot in 2025 and $66.61 per square foot in 2024 with an average tenant allowance on new leases of $63.92 per square foot and $60.33 per square foot, respectively.",
"relevance": 0.8,
"sentiment": "negative",
"confidence": "high",
"source_url": "https://www.sec.gov/Archives/edgar/data/1022344/000110465926019419/spg-20251231x10k.htm",
"filing_date": "2026-02-25",
"filing_year": 2026,
"sales_relevance": "Cost optimization needed",
"signal_category": "market",
"regions_mentioned": [
"United States"
]
}
}
curl https://signals.autobound.ai/v1/signals/2cbd9cf1-e025-44ad-8f61-5255c1b7cd93 \
-H "X-API-KEY: $AUTOBOUND_API_KEY"curl -X POST https://signals.autobound.ai/v1/companies/enrich \
-H "X-API-KEY: $AUTOBOUND_API_KEY" \
-H "Content-Type: application/json" \
-d '{"domain":"simon.com","limit":20}'Long text fields are shortened on this page.
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