Office rents stagnant? Not when triple nets are counted

Is this thing on? Good, because we have a public service announcement for office tenants, landlords, and investors: Office rent is not as stagnant as it may seem.

Recently, it has been widely publicized that office rent hasn’t moved in years. While some data sources could lead you to believe this, digging into the data shows there is more to that story. It is important for both commercial space tenants and landlords alike to understand what goes into gross rent, and how a shift in the makeup of gross rent has led to an inaccurate…