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A property with an analysis start date of January 2021 has Market Rent for both new and renewal tenants at $20.50/SF/Year. If a tenant rolls

A property with an analysis start date of January 2021 has Market Rent for both new and renewal tenants at $20.50/SF/Year. If a tenant rolls to market and a new lease begins in September 2025, what rent would ARGUS Enterprise use for the speculative tenant?

Assume Market Rent Inflation is 4% beginning in the second year of the analysis.

$23.98/SF/Year

$23.06/SF/Year

$22.17/SF/Year

$24.94/SF/Year

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