Real Estate Math
A Hawaii commercial building has 10,000 sq ft of leasable space. The rent is $35/sq ft/year. What is the annual gross rent?
AA. $350,000✓ Correct
BB. $280,000
CC. $420,000
DD. $300,000
Explanation
Annual gross rent = 10,000 × $35 = $350,000. Using the values given ($35), apply the appropriate formula..
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