Example Suppose you are a small business and you currently rent 1200 sq ft. of office space at $22.50 a sq ft per year. In this cost, office cleaning is included. You are now looking at moving to a bigger office space of 2500 sq ft, and the utilities of water and electric are included in addition to the office cleaning. Three years ago when you signed the lease, the inflation rate was 105. The current inflation rate is 120. In addition, you pay approximately $350.00 in electricity monthly and $50.00 in water on a quarterly basis. Using the Power Law method what would be a reasonable estimate for the annual square footage rent for the new office space