Real Estate Math
A Pennsylvania commercial lease requires rent of $18 per square foot per year on 2,500 square feet. What is the monthly rent?
A$2,500
B$3,750✓ Correct
C$4,500
D$45,000
Explanation
Annual rent = $18 × 2,500 = $45,000. Monthly rent = $45,000 ÷ 12 = $3,750. Commercial lease rent is typically quoted on a per-square-foot annual basis, requiring conversion to monthly amounts for budgeting and comparison purposes.
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