QUESTION 12 Assume that market rents are $25 per square foot, vacancy and collection loss is 5 percent and operating expenses are $6.75 per square foot. If the total project cost is $140 per square foot and the investor requires a return of 10 percent, how much can be spent per square foot to develop the project. $170 $200 $238 $250 QUESTION 13 You are analyzing an office building to determine if it make sense to build it. The building and site improvements cost $145 and the investor requires a 6 percent return. If market rents are $11 per square foot. Market vacancy and credit loss is 5 percent and expenses are 15 percent. What is Market Net Operating Income. 8.70 8.83 10.45 11.00 QUESTION 12 Assume that market rents are $25 per square foot, vacancy and collection loss is 5 percent and operating expenses are $6.75 per square foot. If the total project cost is $140 per square foot and the investor requires a return of 10 percent, how much can be spent per square foot to develop the project. $170 $200 $238 $250 QUESTION 13 You are analyzing an office building to determine if it make sense to build it. The building and site improvements cost $145 and the investor requires a 6 percent return. If market rents are $11 per square foot. Market vacancy and credit loss is 5 percent and expenses are 15 percent. What is Market Net Operating Income. 8.70 8.83 10.45 11.00