Not all appraisers are experienced in Market Rent
Appraisals. Market Rent is usually expressed in monthly or annual rental payments
for a particular property, either as a gross rental amount or as a per unit
rental amount. Market Rent is usually expressed in annual square foot units for
commercial and industrial properties. Amounts such as $8 or $20 per square foot
per year are common examples. Contrarily, residential rental apartment Market
Rent is usually expressed in dollars per month. Typical examples would be $800
or $1,200 per month.
Appraising Market Rent requires research of similar
properties. Comparable rental properties are used for this purpose, in much the
same way as comparable sales are used when appraising the Fee Simple Market
Value of a property. There are many variables which must be considered,
including the lease term and the services included or excluded from the rental
Our firm is experienced in providing Market Rent Appraisals
throughout the country. Give us a call for a no-obligation consultation.