1. 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.
2. 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.