|
Classification |
Low
Rental
Rates |
High
Rental
Rates |
Effective Avg.
Rental Rates |
Vacancy
Rate |
Downtown Office
Full Service Rates: |
| Class A (prime) |
$18.00 |
$33.00 |
$21.00 |
12.2% |
| Class B (secondary) |
$10.00 |
$16.00 |
$12.00 |
31.8% |
Suburban Office
Full Service Rates: |
| Class A (prime) |
$16.00 |
$23.00 |
$19.00 |
9.5% |
| Class B (secondary) |
$12.00 |
$18.00 |
$15.00 |
12.5% |
Industrial Space Net
(Triple Net) Rates: |
| Bulk Warehouse |
$1.50 |
$4.50 |
$3.00 |
23% |
| Manufacturing |
$2.50 |
$7.00 |
$5.50 |
9.5% |
| High Tech / R&D |
$6.00 |
$10.00 |
$8.00 |
7% |
Retail Space
Full Service Rates: |
Neighborhood Service Centers (Rental Units
in Parks) |
$7.00 |
$18.00 |
$12.00 |
7% |
| Community Power Centers (Big Box) |
$12.00 |
$25.00 |
$16.00 |
10% |
| Regional Malls |
$18.00 |
$50.00 |
$30.00 |
NA |
Source: Rochester, NY Market Overview, NAI Pyramid Brokerage Company, 2007
Rates are representative of Monroe County, and are considerably lower in outlying counties of the Greater Rochester, NY Region.