Real Estate Math
A Texas building has 15,000 rentable square feet. It is 90% occupied at $18/SF/year. What is the annual rent collected?
A$243,000✓ Correct
B$270,000
C$202,500
D$285,000
Explanation
Occupied space = 15,000 × 0.90 = 13,500 SF. Annual rent = 13,500 × $18 = $243,000.
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