What is a Full-Service Gross (FSG) lease rate?

Full-service lease rates typically include all the costs to maintain the building and common areas as well as property taxes and insurance (not including telephone or Internet services). A full-service lease agreement usually includes the standard cost for utilities per rentable square foot in the rent rate. Utility consumption beyond the standard cost stated in the lease is usually charged back to the tenant. Some full-service leases may also include janitorial services for the tenant’s office space.

What is a Modified Gross (MG) lease rate?

A modified gross lease rate can vary greatly from landlord to landlord. These lease agreements typically include some, but not all the costs to maintain the building and common areas and may or may not include the property taxes and insurance. Typically, these leases do not include utilities or janitorial services.

What is a NET NET NET (NNN) lease rate?

A net lease agreement typically only includes the maintenance and repair of the exterior of the structure within the base rental rate. The tenant is responsible for all cost associated with maintaining and operating the property. Any expense paid by the landlord is passthrough to the tenant based on their pro-rata share of the property. The most common pass through items are utilities, landscaping, parking lot and common area maintenance and repairs, property insurance and real estate taxes.

Tulsa Office Properties

by Wiggin Brokerage on 06/22/2023

Wiggin Properties' brokers can help you find the ideal office space to meet your company's business needs. Here is a complete list of available commercial office space in the Tulsa metro area. For personal assistance with any of these properties or a property not included on this list, please call 918.935.2010. We'll be glad to help.

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