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A tenant is considering 5-year gross lease, starting at $320/m2 in arears, with step-ups of $5 each year. Operating expenses are 20% of rent. What

A tenant is considering 5-year gross lease, starting at $320/m2 in arears, with step-ups of $5 each year. Operating expenses are 20% of rent. What is the effective rent to the tenant?

Select one:

a.

$399.14

b.

$299.14

c.

$114.99

d.

$199.14

e.

None of the answers here

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