US-market effective rent: face rent net of free rent and TI amortisation.
Leasing · US
US-market effective rent: face rent net of free rent and TI amortisation.
Calculated as (face rent × paid months) - (TI not amortised) divided by total months. Always confirm whether TI amortisation is included; data providers vary.
Net effective rent is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.