Real Estate Math

A Louisiana industrial property is 120,000 sq ft and is 88% occupied. Monthly rent is $0.65 per sq ft. What is the monthly income from occupied space?

A$68,640✓ Correct

B$78,000

C$72,800

D$55,680

Explanation

Occupied space = 120,000 × 88% = 105,600 sq ft. Monthly income = 105,600 × $0.65 = $68,640. To solve this, multiply the relevant values: $0.65 at 88%.. The correct answer is $68,640.. This is a common calculation on the Louisiana real estate exam.

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