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CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of 2 . 8 million
CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of million square feet, of which square feet have been leased to anchor tenants that have agreed to pay $ per rentable square foot in CAM charges. Inline tenants occupy million square feet, and the remainder is common area, which the landlord believes will require $ per square foot to maintain and operate each year.
Required:
If the owner is to cover total CAM charges, how much will inline tenants have to pay per square foot for CAM charges?
Note: Do not round intermediate calculations. Round your final answer to decimal places.
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