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Question 46 (1 point) A tenant agrees to a lease for 1,000 square feet of industrial space at $20 per square foot for 5 years.

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Question 46 (1 point) A tenant agrees to a lease for 1,000 square feet of industrial space at $20 per square foot for 5 years. Concessions include the first 9 months of free rent and $6 per square foot in extra tenant improvements. The developer's discount rate is 10%. What is the effective annual rent per square foot of this lease? Excel $14.96 per SF $15.20 per SF $16.16 per SF $17.60 per SF Question 46 (1 point) A tenant agrees to a lease for 1,000 square feet of industrial space at $20 per square foot for 5 years. Concessions include the first 9 months of free rent and $6 per square foot in extra tenant improvements. The developer's discount rate is 10%. What is the effective annual rent per square foot of this lease? Excel $14.96 per SF $15.20 per SF $16.16 per SF $17.60 per SF

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