rental growth rate

rental growth rate

The expected trend in market rental rates over the period of projection, expressed as an annual percentage increase. In the chart,rents are expected to be at $43 a foot for 2007, climb rapidly to $50 a foot for 2008 because of a lack of new buildings coming online,remain at $50 a foot during 2009 because of the opening of new buildings,and then climb moderately afterward.