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A 1 9 , 6 9 0 - square - foot office space is leased at $ 2 0 per square foot during the first
A squarefoot office space is leased at $ per square foot during the first year with $ stepup provisions each of the following years. The lease is gross with an expense stop for the tenant set at $ per square foot, and yearly expenses per square foot are as follows: $$ and $ The lease provides for months of free rent at the end of the lease term. The lease term is three years and the discount rate is percent. The landlord offers the tenant a $ moving allowance and $ in additional tenant improvements TIs What is the effective rent?
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