NEW YORK, July 22, 2015 /PRNewswire/ -- A newly improved Advertised Rental Rate
Product was released today by Penton's EquipmentWatch, the leading provider of data and insights products for the construction, lift truck and ag equipment industries.
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.
SM] space leased at an average annual GAAP rental rate
of approximately $179.
3 Ever-Rising Room Price & Rental Rate
of Star-Level Hotels
This includes approximately 165,000 square feet of Turn-Key Datacenter[R] space leased at an average annual GAAP rental rate
Listing the district's average rental rate
for class A space at $62.
Strong occupancy has been accompanied by sustained earnings growth, with average rental rate
increases hovering around 10% on expiring leases and 'same-store' net operating income increases averaging 3%.
This includes over 89,000 square feet of Turn-Key Datacenter space leased at an average annual GAAP rental rate
Potential candidates for rating upgrades this year are office REITs as continued job growth will lead to occupancy and rental rate
growth, particularly for office REITs situated in major metropolitan areas, while coastal cities with high barriers to entry are expected to have limited new supply, coupled with growing office demand.
What was globally envisioned in the summer of 2007 as a brief adjustment across the market has now become a massive restructuring with new development projects being placed on hold, property owners looking for new opportunities with existing inventory, sales and rental rate
declines in nearly all sectors and vacancy rates that are setting records in some markets.