Calculations or analysis to determine market rental alue of a property at any given time, even though the actual rent may be different.
The rent that a property would bring if offered in the open market. Same as market rent-often differs from the contract rent.
Economic rent is the difference between what a factor of production is earning (its return) and what it would need to be earning to keep it in its present use. It is in other words the amount a factor is earning over and above what it could be earning in its next best alternative use (its transfer earnings).
The rent real estate property would generate if leased.
The estimated income that a property should generate in the current rental market. This is generally based upon the rent generated from comparable properties.
Any excess that a factor earns over the minimum amount needed to keep that factor in its present use.
The market rental value of a property at a given point in time, even though the actual rent may be different.
the potential rental which a property can command, taking into consideration the rate of nearby or comparable properties.
The gain to a producer or resource owner resulting from a trade barrier or other restriction of supply that leads to a higher price than otherwise would occur. The existence or prospect of economic rents may promote unproductive rent-seeking activities by individuals or firms seeking to take advantage of them. See also quota rent.
The rent from income property on the basis of rent per unit, per room, or per square feet (or all three), used in appraisal to compare subject properties to comparable income properties.
In real estate the term refers to the market rental ie the rental income that a property would most probably command on the open market at a given time. It represents a rental rate that comparable properties are bringing.
The amount of rent a property commands in the open market.
Currently referred to as market rent, it is the rental income that real estate can command in an open, competitive market at any given time, as contrasted with contract rent, or the income actually received under a lease agreement.
The potential rent which a property can command, considering rental of similar or comparable properties in the neighborhood.