Glossary of Terms

Market Lease Rate 2015-11-10 08:00:00

Market Lease Rate

Current rental rate that a space would likely command in the open market, indicated by current rents paid for comparable space within a given market. A lease executed at the market lease rate is said to be “at market” or “market rate.” Leases with rental rates greater than or less than the prevailing market rate are said to be “above market” or “below market, respectively.