What is it?
The calculated asking price to rent a warehouse by square foot that is averaged out over the term of the lease. The average rent paid over the term by a tenant adjusted downward for concessions paid for by the landlord (such as free rent, moving expenses, or other allowances), and upward for costs that are the responsibility of the tenant (such as operating expense pass-throughs).
Who is interested?
Financial Managers, CFOs, Planners, Commercial Real Estate professionals
What does it tell me?
The index tells you the asking rental price per square foot for warehouses averaged out over the term of a lease.