The financial gulf between trophy and Class A and A+ buildings and those in B and C classes continues to widen according to a new report from CBRE.

Base and effective rents for these types of properties grew by 5.2% and 3.1%, respectively, between 2023 and 2024. For Class B and C assets, rents fell by 5.7% and 1.2%, according to CBRE’s analysis of 4,350 comparable new leases over 12 metro markets.

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