Rentable Space or Usable Space?

Rentable Space or Usable Space? | George Grace

As many tenants know, rents have been rising. The stock market peaked in May (and is threatening a new high again), and according to regular cyclical patterns, it is set to continue rising for another year or two. Continued increases in rental rates can take a HUGE bite out of a business’s bottom line. Consider the following scenario: Back in 2008, when you rented your 10,000-square-foot office space, rent was $40 per rentable square foot.

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