You are assessing the development of a new office building and your research indicates the market rates in todays market as follows:

• Gross rent: $500/sqm
• Outgoings: $ 85/sqm
• Car parking: $500/bay/month

The building will be completed in two years time. Gross rent is forecasted to escalate at 7% pa, CPI is expected to remain steady at 2% and parking charges arexpected to increase by a rate halfway between rent and inflation. What net market income (per square metre or per car parking bay) should you expect to receive upon completion of the building?

Please upload an excel spreadsheet file to answer the above questions.