What kind of rent growth assumptions are you using for commercial properties in NYC?
I am creating a DCF for a mixed-use office/retail building in Brooklyn and I am trying to decide what are appropriate long-term annual rent growth assumptions to plug into Argus. Curious what other people are using. Office rents have been in decline since the beginning of Covid, and even prior to that were not increasing at a very fast pace, so I don't want to just plug in 3% annual rent growth as I think that would be overly aggressive.
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