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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.
Typically, NNN leases have lower rent per square foot rates which increases the tenant pool when a landlord is ready to lease the property. For specific tenants, landlords will frequently modify leases allowing for greater flexibility and higher tenant retention. [9]
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
Rent per 100 square feet: $95.30 Available houses for rent per 100,000 people: 939 Philadelphia is the cheapest city on the list, with rent under $100 per 100 square feet.
Google has leased a 1.1M-square-foot warehouse in North Texas, ... News of the lease was originally reported by commercial real estate data provider ... with an estimated cost of $20.2 ...
In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area (also known as CAM - Common Area Maintenance). CAM fees typically are negotiated up front as a set dollar figure per square foot. This form of lease is most frequently used for commercial freestanding buildings.
For example, the rate for a particular property may be $29 per square-foot per year ($29/sq. ft/yr) or $290 per square-meter per year ($290/m 2 /yr). In many countries, rent is typically paid monthly, even if usually discussed in terms of years. [citation needed] Examples: A particular 2,000 sq. ft space is priced at $15/sq. ft/yr, ultimately ...
Porter's wages is an accounting method used in commercial real estate to calculate inflation of certain recoverable expenses.. The term "porters" normally refers to people who carry objects, like bellhops in hotels, but for historical reasons in the United States it also came to cover the cleaning and maintenance staff as they were represented by the same unions.
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