Real Estate Math
A commercial property has 8,400 sq ft of leasable space rented at $22/sq ft/year. What is the annual gross rent?
A$164,400
B$176,400
C$184,800✓ Correct
D$192,600
Explanation
Annual gross rent = 8,400 × $22 = $184,800. Using the values given ($22), apply the appropriate formula..
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