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A 2-story office building has 2 full-floor tenants with leases according to the table below The base rent for the 1st floor increases by 3%
A 2-story office building has 2 full-floor tenants with leases according to the table below The base rent for the 1st floor increases by 3% annually and the 2 nd floor by 4% annually. Assume the vacancy rate has been accounted for. Based on the following information, what is the total rent paid in Year 1 (not $/ sqft, but total dollars)? Round to the nearest dollar (e.g., $352,543 ). See 11/14/23 inclass worksheet answers
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