Real Estate Math
A Louisiana commercial property leases for $18 per square foot per year. The building has 8,500 rentable square feet. What is the annual rental income?
A$153,000✓ Correct
B$161,500
C$144,500
D$170,000
Explanation
Annual rental income = 8,500 sq ft × $18/sq ft = $153,000. Using the values given ($18), apply the appropriate formula.. The correct answer is $153,000.. This is a common calculation on the Louisiana real estate exam.
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