In short
Posted rates in Beltline office barely moved this quarter, which is the number that gets quoted and the least useful one available.
An illustrative example. This piece shows how a deal moves on the platform. It is written rather than reported, and the figures in it are not drawn from a specific transaction.
Face rates held. Net effective did not. What the gap between them tells owners.
Posted rates in Beltline office barely moved this quarter, which is the number that gets quoted and the least useful one available.
Net effective told a different story. Free rent stretched and allowances grew, so the same face rate carried noticeably less value to the owner than it did in spring.
An owner comparing their building to a headline rate is comparing against a number nobody actually collected.
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