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Problem 7 ( 10 points): Our office building has a total square footage of 120,000 square feet. We have 9 tenants in the building and
Problem 7 ( 10 points): Our office building has a total square footage of 120,000 square feet. We have 9 tenants in the building and no vacancies. The total square footage of the tenant spaces is 105,000 . A) What is the Load Factor for our building? B) The actual square footage of one of our tenant spaces is 11,250 square feet and this tenant has a gross lease. If our operating expenses for the building total $115,000 per year, how much will this particular tenant pay back to us for its share of operating expenses
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