Sentence examples for net rent from inspiring English sources
But now, that renter may see an increase to $4,850, $633 more than the net rent with incentives.
The average net rent for an unfurnished 65-square-meter apartment is €307 per month, compared with €670 in Munich, €491 in Cologne and €417 in Frankfurt.
A renter who signed a lease in 2009, when most companies were offering incentives, would have paid a net rent of $4,217 on a $4,600 apartment with one month free, a savings of $383 per month.
Opera Tower is popular with Argentines because the developer is offering to lease back the apartments from the buyers, pay their monthly maintenance charges and give them an annual net rent equal to 6 percent of the purchase price for three years.
In Ms. Welkes's case, she got the standard one month free, plus a second month because her former employer was paying her broker's fees as part of her relocation costs, for a net rent of $2,164 a month for a 14-month lease, plus $275 a month for garage space downstairs.
When Equity Office owned the 40-story tower at 30 South Wacker Drive, the asking annual net rent (without electricity and other operating costs) was $17 a square foot, said Joseph Learner, an executive vice president at Studley, a brokerage that represents tenants.
I heard Grubb & Ellis forecast today that net rents are down 15% nationwide and 40% in New York.
Some of the nation's highest net rents are for high-end homes along Chicago's Gold Coast and other downtown neighborhoods.
But the sales pitch often revolves around "net effective rent," which takes free rent into account to bring the number down further.
A spokesman for Cushman declined to confirm terms of the lease, but said its "net effective rent, including landlord contributions toward construction and free rent, was better than market for comparable space at the time we completed the lease.
Since they were given two months rent-free when they first signed their lease, their net effective rent has been about 8 percent lower than the face value of the unit.
