Definitions

* Normal rents reflect the interval where most contracts are signed in the specified market area.

** Prime rents are consistently achievable headline rental figures that relate to a new, top located, high specification unit of a standard size commensurate demand within the predefined market area.

 *** Project asking rent represents the typical rent that landlords ask to initiate a new building project on their plot or to refurbish an existing building. These project rents reflect the market for newly constructed office spaces, considering plot values and total project costs. It is important to note that these rents do not indicate what the market is willing to pay for the property; instead, they indicate the actual rent developers need to achieve to start projects. One-off instances, such as landlords building on speculation or taking a loss on the plot, are excluded.

**** Normal yield is defined as the net yield of a well maintained building situated in the fringe zone with strong tenants on a 5 – 8 year lease contract.