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A 5 story commercial building has 20,000 sq. ft. per floor and the rent is $20/sq. ft. for rentable floor space. Consider the following factors:
A 5 story commercial building has 20,000 sq. ft. per floor and the rent is $20/sq. ft. for rentable floor space. Consider the following factors: Areas which are not part of a tenants lease (i.e. rentable space) include: Lobby = 5000 sq. ft; Mechanical rooms on each floor = 200 sq ft. There are two stair towers in the building. Each of these features is 500 sq. ft. Halls account for 10% of net space after making all the reductions listed above. Based on net rentable floor space, what is the total rent received by the owner of the building
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