rental cost
The price charged to tenants per measured square unit to rent space in a structure.
The rental cost per square unit is a measurement designed to compare value between available spaces. It may be applied to any usage where space is leased or rented to tenants by the owner. It does not directly reflect the rental cost per occupation unit. It is normally expressed in currency per square meter or per square foot.
The area denominator allows spaces of different sizes to be compared on a common basis. A total rent for one occupation unit is a different amount from the rental cost per square meter or square foot.
The currency and area unit are part of the rate. The measure can apply to any leased use and is not confined to a particular kind of tenant space.
Related definitions
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assessed value
A property value established by an official government assessment at a given time, usually for taxation. -
brokerage commission
A service fee paid to an agent for the successful completion of a transaction. -
construction cost $
The total costs of construction in US Dollars as recorded at the time of completion. -
construction cost CHF
The total costs of construction in Swiss Francs as recorded at the time of completion. -
construction cost RMB
The total costs of construction in Chinese Renminbi as recorded at the time of completion. -
construction cost £
The total costs of construction in Pounds Sterling as recorded at the time of completion. -
construction cost ¥
The total costs of construction in Japanese Yen as recorded at the time of completion. -
construction cost €
The total costs of construction in Euros as recorded at the time of completion. -
demolition cost
The amount spent or projected for a complete or partial demolition project, according to the date of the figure. -
deposit
An amount of money presented to the owner as a security when leasing a property. -
land cost
The asking or paid price of a property's land at a given time, apart from the value of structures on it. -
property tax
The total annual property taxes levied by the applicable governments and owed by the property owner. -
renovation cost
The amount spent or projected for one renovation project, separated in time from other construction or alteration work. -
revenue
Monetary figures describing earnings or value received by a structure, company, land area, or other object. -
sales cost
The asking or agreed sale price of property expressed per square meter or square foot of floor space.