Downtown office rents rise in 2011 for top buildings

    Rents at high-end downtown office buildings are rising again, but they still face a long way back to pre-bust levels.

    Tenant and landlord rents both increased modestly last year, according to the Studley Effective Rent Index, an annual report that measures effective rents, or the amounts tenants actually pay and building owners actually receive by factoring building expenses and leasing costs.

    The report shows that tenants still have the upper hand in the downtown office market, but the pendulum is swinging back in favor of landlords.

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