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As CFO for Everything. Com, you are shopping for 6,700 square feet of usable office space for 25 of your employees in Center City, USA.

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As CFO for Everything. Com, you are shopping for 6,700 square feet of usable office space for 25 of your employees in Center City, USA. A leasing broker shows you space in Apex Atrium, a 10-story multitenanted office building. This building contains 402,000 square feet of gross bullding area. A total of 60,300 square feet is interior space and is nonrentable. The nonrentable space consists of areas contained in the basement, elevator core, and other mechanica! and structural components. An additional 40,200 square feet of common area is the first floor lobby area usable by all tenants. The 6,700 square feet of usable area that you are looking for is on the seventh floor, which contains 37,520 square feet of rentable area, and is leased by other tenants who occupy a combined total of 26,800 square feet of usable space. The leasing broker indicated that base rents will be $30 per square foot of rentable area. Required: a. Calculate total rentable area in the building as though it would be rented to one tenant. square feet of rentable space in building b. Calculate the load factor and common area on the seventh floor only. square feet of common area on the 7 th floor load factor for the 7 th floor (round to two digits) c. Use that load factor to adjust the usable area Everything.com is thinking about leasing to calculate the rentable area Everything.com would pay for. Given that rentable area, calculate the total rent that will be paid by Everything.Com for the coming year if it chooses to lease the space. square feet of rentable space. total rent in first year (round to nearest \$) d. Calculate the new load factor for the seventh floor by adjusting the load factor for the common areas on the first floor: adjusted load factor (round to two digits) e. Calculate total rent for Everything.com using that adjusted load factor. total rent adjusted for common area on first floor (round to nearest \$)

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