Fast answerThe stated rent for the premises before separately charged additional rent and other tenant costs. It is often quoted per rentable square foot per year.
Why it matters
A low base rate does not establish a low total occupancy cost.
What to request
Request the complete rate schedule, area basis, escalation dates, free-rent treatment and every separately payable amount.
Planning example
8,000 rentable SF at $24/SF/year equals $192,000 per year before additional rent and other costs. The example organizes arithmetic or evidence only; the transaction documents and facts determine the result.
Related decisions
Connect this term to the area, cost, building, flexibility and document provisions elsewhere in the office decision file.
Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.