Reworking Lease Expires

INTRODUCING THE TERMINOLOGY

UNDER-RENTED

Where a tenant is paying below average market rents

• Whilst looking at movements in market rents is critical for occupiers, perhaps the most important aspect to track is the difference between the rent being paid, as per the lease terms, against the current market rental level. This will give occupiers a view on whether they have positive or negative rental exposure in the prevailing market conditions, which then prompts subsequent actions.

OVER-RENTED

Where a tenant is paying above average market rents

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