Real Estate Math
A Nebraska commercial lease is $18/sq ft/year for 2,500 sq ft. Monthly rent is:
A$3,000
B$3,500
C$3,750✓ Correct
D$4,500
Explanation
Annual rent = 2,500 × $18 = $45,000. Monthly rent = $45,000 ÷ 12 = $3,750. Using the values given ($18), apply the appropriate formula.. The correct answer is $3,750.. This is a common calculation on the Nebraska real estate exam.
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