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Commercial Lease, Net Effective Rent: What CRE Tenants Need to Know Before Signing_Tim Vi Tran_Season 1, Episode 39
Commercial lease, net effective rent is one of the most important concepts tenants, investors, business owners, and brokers should understand before evaluating a lease proposal.
In this episode, Tim Vi Tran, SIOR, CCIM, explains why sophisticated CRE tenants, investors, business owners, and brokers / agents evaluate the full commercial lease structure instead of focusing only on the monthly base rent.
Many tenants focus only on the advertised base rent. But in commercial real estate, the lowest monthly rent does not always mean the lowest total occupancy cost. A landlord may quote one number…
The skinny
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