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Rule of thumb for office rent

Is there any rule of thumb for office rent or on lease per gross income? If yes, then explain?

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The term GRM known as Gross Rent Multiplier that compares the total lease/rental income to the value or price of the property.

The price increases 8 to 10 times of the gross income, but it can be vary based on interest rates, market conditions, management, building type, quality.

Capitalization Rate (cap rate) is a more comprehensive way of evaluation, but if the GRM is known for a building type and location, you can quickly determine a ballpark value.

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