If it costs $300/SF to develop a new class A office building and the annual net rent for office space is $22.50/SF, what is the
If it costs $300/SF to develop a new class A office building and the annual net rent for office space is $22.50/SF, what is the cap rate that would make additional development feasible? Also, if office buildings are currently selling at an 8% cap rate, what would be the replacement cost rent level?
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Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
