Question no:1

As CEO for New Look Group, you are shopping for 5250 square feet of usable office space for 50 employees in Seef , Bahrain. A leasing Broker from Century 21 show you the space in Elite Tower, a 12 storey multitenant office building. This building contains 400000 square feet of gross building area. A total of 40000 square feet is interior space and is non rentable. The non rentable space consists of areas contained in the basement, elevator core, and other mechanical and structural components. An additional 25000 square feet of common area is the lobby area usable by all tenants. The 4250 square feet of usable area that you are looking for is on the fifth floor, contains 25000 square feet of rentable area, and is leased by other tenants who occupy a combined total of 15000 square feet of usable space. The leasing broker indicated that the base rent will be BD: 50 per square foot of rentable area.

a. Evaluate the total rentable area in the building ( excluding lobby )

B. Evaluate the common area on the fifth floor

c. Evaluate the load factor

d. Evaluate the rentable are , including the load factor for common areas on the fifth floor and the total rent per square foot that will be paid by M & S group for the coming year if it chooses to lease the space.