Real Estate Math
A Delaware commercial building has 10,000 sq ft of rentable space. The annual rent is $18 per sq ft. What is the annual gross rental income?
A$162,000
B$180,000✓ Correct
C$144,000
D$200,000
Explanation
Annual gross rental income = Rentable Area × Annual Rent per sq ft = 10,000 × $18 = $180,000. Using the values given ($18), apply the appropriate formula.. The correct answer is $180,000.. This is a common calculation on the Delaware real estate exam.
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