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Consider a 10,000sf lease with a rental rate of $22psf for five years? Assume further that there is an expense stop of $4.00psf. The landlord

Consider a 10,000sf lease with a rental rate of $22psf for five years? Assume further that there is an expense stop of $4.00psf. The landlord has given 6 months of free rent in year one. Assuming a discount rate of 6%, what is the net effective rent per square foot?

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$13.45

$15.54

$17.33

$17.10

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