Your company is trying to relocate to a new building and is looking for 6,000 square feet of usable office space for 25 of its employees in Lucky City, CA. A leasing broker shows you space in a 20-story multi-tenanted office building. This building contains 600,000 square feet of gross building area. A total of 40,000 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 30,000 square feet of common area is the lobby area usable by all tenants. The 6,000 square feet of usable area that you are looking for is on the lucky thirteenth floor, contains 29,000 square feet of rentable area, and is currently leased by other tenants who occupy a combined total of 19,000 square feet of usable space. The leasing broker indicated that base rents will be $35 per square foot of rentable area.

a) Calculate total rentable area in the building as though it would be rented to one tenant.

b) Calculate how much your company would pay total for the coming year if it chooses to lease the space and if it unaware of any common areas.

c) Calculate the load factor and common area on the thirteenth floor only.

d) Calculate the rentable area, including the load factor for common areas on the thirteenth floor and the total rent that will be paid by your company for the coming year if it chooses to lease the space.

e) Recalculate the load factor adjusted for other common areas in the building.

f) Calculate total rent that would be due in the coming year, assuming that adjusted load factors are applied to usable area for both the common areas in the building lobby and on the 13th floor.