That gave landlords a net rent of about $30 a foot.

"So there are two critical issues: the net effective rents over the life of the leases and their expiration dates."

He said the average net rent in 2004 was about $40 a square foot.

A building can only produce as much net rent as its market will allow.

In addition, the company's warehouse space in the city has a tax abatement that helps lower the net rent.

The net rent so derived should be exclusive of rates, management fees and air-conditioning charges.

Purchase Subsidy which is equal to half of the net rent will be provided.

Over the remaining 10 years the net rent would be increased periodically until it reached $30 to $35 a square foot.

The annual net rents will start at $13 a square foot.

His real wealth is in proportion, not to his gross, but to his net rent.