Real Estate Math
An Oklahoma buyer offers to pay $8 per square foot for 2,250 square feet of commercial retail space in Oklahoma City. The annual lease cost is:
A$1,500✓ Correct
B$216,000
C$21,600
D$180,000
Explanation
Annual Lease Cost = Price per SF × Square Feet. $8 × 2,250 = $18,000 annual rent.
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