For decades, the majority of startup culture seemed to focus on the activities of businesses based in Silicon Valley. From Listia to Evernote, Silicon Valley is a hotbed for some of the today's most popular tech companies.

Effective rent is the average rent a tenant pays after accounting for discounts, incentives, or lease concessions. It reflects the real cost of renting a property over the lease term, helping businesses and tenants compare different rental options and determine the true financial impact of a lease agreement.