182. Expiring Leases and Office Maturities, Multifamily Loan Moves, Healthy Travel Earnings
The TreppWire Podcast: A Commercial Real Estate Show
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The Effective Rent Spread for Office Transactions That Are Closing
The spread between starting, meaning the base rent of a transaction, and effective rents has been widening since 2020. This includes dramatic increases in free rent, as well as work packages where those are included and effective rents per market. So what does that mean? Landlords are less likely to decline or discount the base rent and more willing to negotiate on TI and free rent to close deals In a very competitive tenant's market.
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