Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

Effective Rent

The actual rental rate to be achieved by the landlord after deducting the value of concessions from the base rental rate paid by a tenant, usually expressed as an average rate over the term of the lease.

Source: NCREIF | Date: 05 September 2025 | ID: D1081 | Version: 1