As CFO for Everything.Com, you are shopping for 5,800 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 348,000 square feet of gross building area. A total of 52,200 square feet is interior space and is nonrentable. The nonrentable space consists of areas contained in the basement, elevator core, and other mechanical and structural components. An additional 34,800 square feet of common area is the lobby area usable by all tenants. The 5,800 square feet of usable area that you are looking for is on the seventh floor, which contains 32,480 square feet of rentable area, and is leased by other tenants who occupy a combined total of 23,200 square feet of usable space. The leasing broker indicated that base rents will be $30 per square foot of rentable area.

Required: