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 ?
Current CAP Rate is 9% but can easily be increased to 10% by increasing the under market rental rates.
Tenders are invited for purchase of services for the assessment and updating of the market value assessment, as well as the definition and updating of market rental rates of real estate and movable property at jsc far eastern go
The report found average retail market rental rates have risen in the second quarter of 2018 as the Columbia market absorbs non-core shopping center space.
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%.
"Another investment strategy could be to retain the building as a rental, benefiting from tightening of the rental market as well as the future upside as rent-stabilized apartments turn over." The overall average monthly rental for the apartments is $1,338, which equates to a price per square foot of $10.62, well below market rental rates for the area.
* 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 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 $34.42, a decline of 15% from the beginning of the year.

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