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What is the typical lease escalation rate for commercial office space in Manhattan ?

April 26, 2017Commercial escalation lease manhattan Office rate

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What is the typical lease escalation rate for commercial office space in Manhattan ?

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The methods used by New York City landlords to escalate rent are usually based on the following: 1) Fixed percentage per year 2) Porters wage without benefits 3) Porters wage with benefits 4) Consumer price index 5) Proportionate share of the building’s overall cost of operations.