Question

If the annual rent on a 10,500 sq.ft. office space is $546,000, what is the rent per sq.ft?

Answer 1

If the annual rent on a 10,500 sq.ft. office space is $546,000, The rent per sq.ft is 52.

Rent per sq.ft

Using this formula

Rent per sq.ft=Office space/Annual rent

Let plug in the formula

Rent per sq.ft=$546,000/10,500 sq.ft

Rent per sq.ft=52

Therefore If the annual rent on a 10,500 sq.ft. office space is $546,000, The rent per sq.ft is 52.

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