Hyatt Commercial Real Estate’s Post

Office Rent 101: The Key Difference Between NNN and Gross Leases 💡 Understanding Lease Structures: Triple Net (NNN) and Gross Leases each have distinct cost structures. If you're comparing $20.00 per square foot NNN to $35.00 gross, the answer isn't as obvious as it seems. NNN Explained: Base rent excludes property taxes, insurance, and maintenance costs. Tenants cover their utilities and pro-rata share of common area expenses. Gross Leases: Typically include most expenses, offering simplicity. 📌 Tip: Always ask your landlord or broker what's included in the quoted rent to truly gauge the cost of occupying the space. Read more here: https://lnkd.in/eNc9E_UM #CommercialRealEstate #NNNLease #OfficeRent101

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