This is no longer the case as lease rates
in the area have gone up.
In comparison, the first quarter of 2018 showed average asking lease rates
of $4.52 per square foot.
Overall, lease rates
continued to rise as vacancy declined over the past year, with an average asking rate for off-campus and on-campus medical properties of $16.26 (triple net) and vacancy at 7.20% (as of June 30, 2018).
While new variants will pressure current aircraft values and lease rates
, mitigants exist.
Long-term lease rates
for standard dry equipment leapt by over 50 percent in 2017, having begun their recovery the year before as the Hanjin bankruptcy left large quantities of equipment impounded and therefore out of the market.
, she said, reached P860 per sq m, a price far higher than the company expected when it planned the property some three years ago.
"The CBD remains in the third phrase of a recession as vacancy rates continue to be stagnant and lease rates
continue to be stagnant," Turner said in the Integra Viewpoint 2018 report, aggregate commercial real estate sales data prepared from appraisal reports.
He added that during his tenure as member, he had pleaded with the CDA board to review the lease rates
but the process could not be carried out due to political pressure.
The lease rates
in the apartment sector in Jeddah achieved a y-o-y growth of 8.3%, while in Riyadh this indicator reached 3%, stated PKF Consulting, an international firm of management consultants and industry specialists.
On the other hand, the office market witnessed a further slowdown in the growth of lease rates
, which is expected to continue due to demand constraints throughout 2016.