Average monthly rental rate
for prime and grade A office space in Makati is estimated by LPC to average at P1,500 per square meters (sqm) this year while rental rate
in BGC is estimated at P1,400/sqm.
In addition, the Bank has reduced the fixed rental rate
of its 90% finance to value HPP, which is backed by the Governments Help to Buy scheme by 0.
Al-Rabiah is the most affordable locality in which to rent, with an average rental rate
for all property types of JD2,775 per annum.
The average asking rental rate
for that submarket was skewed by one floor within a building on Madison Avenue that was priced above market," said Del-monte.
The company owned first-class office space consisting of a two-building campus of approximately 206,000 square feet on almost 18 acres of land, and required a base lease rental rate
of less than 7 percent annually (well below market) to meet one of the critical Financial Accounting Standards Board (FASB) tests for the transaction to be considered an operating lease.
The Ben-Porath model provides for a static rental rate
of human capital and, thus, an investment pattern that is unaffected by changes in the rental rate
In the fourth quarter of 2016, monthly rental rate
per square meter for a luxury three-bedroom residential condominium in Fort Bonifacio was estimated at P640 to P1,026, declining by 1.
JLL estimated that the current average monthly rental rate
for prime office space in Makati central business district (CBD) ranged between P1,200 to P1,500, rising by 12 percent year-on-year.
Listing the district's average rental rate
for class A space at $62.
For the prospective tenants, this is seen as an opportunity to pick from a wider choice of offerings at slightly lower cost while for the landlords, this suggests a softening in rental rate
and an uptick in vacancy rate.