Posted by Randy on April 04, 2006 at 12:16:50:
All the bumps I have seen, and the ones in my lease pretty much equal inflation.
Typical Rent Increases - Posted by Del-Ohio
Posted by Del-Ohio on April 03, 2006 at 21:37:20:
I am building a 12,000 Sq Ft Commercial Building which will house three tenants. I am working on the leases.
I have agreements for the first five years with each tenant. My question is, is there a typical annual percentage increase in rents.
Any information would be appreciated.
Sincerely
Del
Re: Typical Rent Increases - Posted by Derek
Posted by Derek on April 05, 2006 at 03:24:56:
Del,
Here is what I am doing in Seattle:
Old New $ change
810 875 65.00
550 550 0.00
799 850 51.00
529 575 46.00
503 625 122.00
540 625 85.00
700 725 25.00
These units are 1Bd, 2BD and 3BD. Seattle inflation was about 3+ % in 2005. First time buyer homes are still out of reach for many, so able to keep pressing the rents. Additionally, we fixed these 1987 buildings up significantly improving exteriors/interiors and street appeal.
BRgds, Derek