Ads
related to: average rent per square foot commercial real estate companies
Search results
Results From The WOW.Com Content Network
However, these are generally longer in term and have more complex inducement schedules. A typical commercial real estate lease is based on a rate that is multiplied by the size of the unit, for instance, $20 per square foot per month, or 20psf/mo. In this case the inducement might be 3 months of free rent every other year.
As of December 31, 2023, the company owned or had interests in 188 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet. [ 1 ] History
The comparable average monthly numbers per square foot for a typical power center tenant in the same timeframe were only $10 to $18 in rent and $3 in common-area fees, since a power center is merely a group of single-level warehouse-like structures gathered around a common open-air parking lot. [12]
Rental Cost: $244.8 per 100 square feet Hawaii is the state with the highest rent per square foot in America and the smallest houses in the study, coming to about 1,164 square feet on average.
In commercial real estate leases in the United States, the tenant, rather than the landlord, is usually responsible for real estate taxes, maintenance, and insurance. In a "net lease", in addition to base rent, the tenant or lessee is responsible for paying some or all of the recoverable expenses related to real-estate ownership.
In just a few years, rents have increased 43% in the Seaport, with the average rent at $52.92 per square foot, approximately at the same level of Boston's affluent Back Bay neighborhood. [ 27 ] Residential
In May 2023, Canadian real estate firm Colliers reported that the vacancy rate for New York City office space was 17.4%, and that some 94 million square feet of office space was listed for lease in the city, a record amount. [18] Office vacancies in the United States reached the highest point in twenty years in October 2023. [19]
With 1,754,000 sq ft (163,000 m 2) of floorspace, UBS Tower's rents are among the highest per square foot of any building in the Chicago Metropolitan Area at an average of over $25 per square foot on a triple net basis, grossing up to over $40 per square foot. The building amenities also include a two-story underground garage for senior ...