Ever wonder what are the most expensive class A office submarkets in New York, San Francisco, Seattle, Washington DC, and 10 other major US markets? CompStak looked at effective rents for direct leases in class A buildings across the US. The effective rent is the actual cost of the lease, taking into account the stating rent, the length of the lease, rent escalations, and landlord concessions such as tenant improvement allowances and free rent. Note: rents across markets are not comparable if the lease types are different. (For example, Full Service leases will be more expensive than Triple Net leases.)
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