Asking Rent
Barron's Real Estate Dictionary:
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Asking Rent
The list price for rent.
Example: When the market was soft, the asking rent for office space was $18 per square foot, but the lessor reduced it to $16 on a 5-year lease and offered 3 months’ free rent. The effective rent was about $15 per square foot.
Example: When the market was soft, the asking rent for office space was $18 per square foot, but the lessor reduced it to $16 on a 5-year lease and offered 3 months’ free rent. The effective rent was about $15 per square foot.
| Asking Price, Asked | |
| Assemblage, Assessed Value or Valuation |
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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