Calculating average base rent

To calculate the average base rent, sum all the base rent amounts from the properties or units being analyzed and then divide that total by the number of properties or units. For example, if you have three units with rents of $1,200, $1,500, and $1,800, you would add these amounts to get $4,500 and then divide by 3, resulting in an average base rent of $1,500. This method provides a simple way to assess rental pricing across multiple units.