Real Estate Math

A Florida commercial building has 8,000 sq ft of rentable space and charges $22/sq ft/year. What is the annual gross rental income?

A$176,000✓ Correct

B$160,000

C$192,000

D$200,000

Explanation

Annual gross rental income = 8,000 sq ft × $22/sq ft = $176,000. Using the values given ($22), apply the appropriate formula.. The correct answer is $176,000.. This is a common calculation on the Florida real estate exam.

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