market rental rates

market rental rates

Rents that are relatively consistent with other rents in the same area for comparable properties. For example, in downtown Metro City, the market rental rate for class A office space is $42 per square foot per year,with a tenant improvement allowance of $25 per square foot on a 5-year lease.

References in periodicals archive ?
The Town's appraiser valued the property as fee simple, which looks at market rental rates to determine the potential income.
PESHAWAR -- The stakeholders and public have evinced keen interest in the 15 refurbished rest houses in Galiyat region to get them on market rental rates as they are going to become operational in the current week.
Peshawar -- The Tourism Corporation Khyber Pakhtunkhwa (TCKP) Managing Director (MD) Mushtaq Ahmed Khan on Tuesday informed the stakeholders that the recently transferred 15 rest houses will be operationalised from Eidul Fitr on market rental rates.
Office market rental rates have dropped by up to 30%.
Owner will also consider a lease at way below market rental rates.
Establish market rental rates using a comparison grid
The hospital's recruitment package to the physician includes a one-time bonus of $5,000, payment of the physician's malpractice premiums for one year, office space in a building owned by the hospital for three years at below market rental rates, a guarantee of the mortgage on the physician's residence, and provision of an unspecified amount of the physician's private practice start-up expenses.
The hypothetical market rental income is based on conservative market rental rates at origination.
The Jennifer and Liberty spaces' near-term rollover and under market rental rates present a significant value-add opportunity in a coveted retail corner location," said Scandalios.
Downtown office market rental rates for Class-A space ended 2002 averaging $34.
These development opportunities are consistent with the company's market niche of offering quality buildings in Class A locations at 10 to 20 percent below market rental rates.
But while absorption of Class A space is growing, current fair market rental rates are not at levels which justify new construction.

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