What is asking rent?
The quoted face rent, before concessions. It is not the same as executed effective rent, which adjusts for free rent, concessions, and tenant improvements; in soft markets the gap can be material.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.