Real Estate Math
An Ohio office building has 15,000 square feet of rentable space. The owner charges $18 per sq ft annually. At 90% occupancy, what is the annual income?
A$243,000✓ Correct
B$270,000
C$285,000
D$300,000
Explanation
Annual income at 100% = 15,000 × $18 = $270,000. At 90% occupancy = $270,000 × 90% = $243,000.
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