Real Estate Math
A Mississippi commercial tenant pays $4,500/month for 1,800 square feet of space. The annual rent per square foot is:
A$25/sf
B$28/sf
C$30/sf✓ Correct
D$32/sf
Explanation
Annual rent = $4,500 × 12 = $54,000. Rate per sf = $54,000 ÷ 1,800 = $30/sf.
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