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A 100,000 square feet lease-ready commercial space is available in the market at a rate of $18.25/ sq.ft. Expected operating expenses are $7.30/ sq.ft and

A 100,000 square feet lease-ready commercial space is available in the market at a rate of $18.25/ sq.ft. Expected operating expenses are $7.30/ sq.ft and occupancy is at 90%. What is 'Effective Rental Rate'? What is net operating income per square foot? 1. $18.25, $9.1250 2. $16.4250, $7.30 O 3. $16.4250, $9.1250 4. $18.25, $7.30

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