Many solo entrepreneurs and small business owners choose to work from home to save money. However, this may not be the best option for those looking to take advantage of the benefits a physical office can offer.

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.