A Fresh Take on CRE

Grubb & Ellis First Quarter 2011 Market Trends

Office Market Highlights:

  • Net Effective Rents are up 24% year over year
  • Class A asking rents are up 11% year over year
  • Class B Net Effective Rents are up 12% year over year
  • The spread between Net Effective Rent and Asking rent has reduced from 28% to 21%