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Any shopping mall has so-called common areas: hallways, food courts, kids play areas, and so on. A shopping mall owner splits the total annuals expenses
Any shopping mall has so-called common areas: hallways, food courts, kids play areas, and so on. A shopping mall owner splits the total annuals expenses for the common area maintenance (CAM) between all tenants: anchor stores and in-line tenants. Because anchors bring a lot of customers into the mall, it is customary to charge them a relatively low CAM charge per square foot per year on top of their base rent. Calculate the CAM charge per square foot per year that the to pay on top of their base rents. What we know about our shopping mall: $0.87 $1.30 $1.90 $2.83 $4.60 $4.83
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