Real Estate Math
A commercial property has 5,000 square feet of leasable space at $18/sq ft per year. What is the annual gross rent?
A$72,000
B$90,000✓ Correct
C$82,500
D$110,000
Explanation
Annual rent = 5,000 sq ft × $18/sq ft = $90,000. Using the values given ($18), apply the appropriate formula..
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