What is the Rent?

Gross Rent

  • Quoted in dollars per square foot per year
  • Also called “Full Service”
  • All rent costs included in a single payment

Net Rent

  • Also called “NNN Rent”
  • Also quoted in dollars per square foot per year
  • DOES NOT include TICAM

Why the difference?

Conclusion

Exercises

  1. Which rent is a lower monthly payment per square foot to a tenant with a NNN rent with $15 base rent and TICAM of $5 or a full service rent with base rent of $19 and taxes of $2/sf?
  2. What is the monthly rent payment on a 3,500sf space with NNN rent of $18 and TICAM of $6?
  3. How much would a TICAM charge have to be to make a $14 NNN rent more expensive than a $20 full service rent?

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