Assume you have a client with a requirement for a building with 114,000 SF located in the Lehigh Valley of PA. Total hard and soft costs are $69/SF. Assume a building to land coverage ratio of 50%. Land is being offered to you at $4.00/SF of Land Area. You are trying to achieve an unleveraged yield of 6.0%. What is the unit rent in $/SF that you need to achieve your target yield? 4.5 4.62 3.09 2.90