Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Currently the market has 428,571,428 sf of total office stock of which 90,000,000 sf is vacant. If during the next year, the market will add
- Currently the market has 428,571,428 sf of total office stock of which 90,000,000 sf is vacant. If during the next year, the market will add no new construction but will retire 3,500,000 sf of office space and will have -7,000,000 of absorption, how much vacancy will there be at the end of the year.
- A tenant pays rent of $64 per square foot in a high end shopping mall. They agreed to pay percentage rent at a rate of 8% over the sales of $800/sf. Given sales for years 1-5 equaling $800, 850, 870, 920, 960, respectively. How much total rent did they pay. In addition, they paid in year 1 pass throughs equaling $15 in year 1 and that grew 3% per year. What is their health ratio. The healt reatio is a ratio of total occupancy cost / total sales.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started