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Office Rent Escalations in New York City

Landlord use different methods to calculate commercial rent escalations in New York City. Typically rent increases occur annually and are based on a fixed percentage increase over the base year of the lease. Tenants are usually responsible for paying their proportionate share of the real estate tax increase over base year. Sometimes annual rent escalations will based on increases in the consumer price index. Some class A buildings base annual increases on the tenant's proportionate share of operating expense increases for the building. --------------------------------------------------------------------------------------------------------- To learn more about New York City commercial real estate visit https://www.metro-manhattan.com