Using that figure, the extra amount above the base rent would be $450,000 if this year were included.

"But these days the escalations tend to be higher than the base rent."

The base rent is projected at $12 a square foot.

Upon my lease renewal they added the $10 to the base rent.

Increases for major capital improvement are permanent and become part of the base rent.

The base rent works out to about $23 a square foot annually.

That would amount to an increase of 32 percent, and a new base rent of $528.

Generally speaking, our average base rent is probably around $20.

A 20-year lease, with a base rent of $350,000 a year, was signed in 1993.

And such amounts, he said, are included in the base rent.