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Rent is $39/sq ft and increases by $2/sq ft each year thereafter. Operating expenses are $20/sq ft, increasing by $1/year. Question: Rent is $39/sq ft

Rent is $39/sq ft and increases by $2/sq ft each year thereafter. Operating expenses are $20/sq ft, increasing by $1/year.

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Rent is $39/sq ft and increases by CPI index 3% each year thereafter. Operating expenses are $20/sq ft, increasing by $1/year. What is the effective rent?

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