There the rents will average $31 a square foot a year.
Rents average $15 to $16 a square foot, on the high end of the scale here.
Their individual rents, at the time, averaged $110 a month for a room or two without private bath.
He said monthly rents, averaging $1,270 to $3,200, are expected to increase soon.
Rents now average $215 for a room with a sink and the use of a communal bathroom.
Rents on the floors had averaged about $34 per square foot at the time.
Rents averaged $829 a month for a two-bedroom apartment, up from $806 in 1996, the report found.
As leases expire, new rents will average around $40, he said.
Rents average $75 a square foot, triple those at a regional mall.
It was purchased for $40 million in cash when rents were averaging $7.50 a square foot.