Property Management
A Washington commercial property owner wants to benchmark the performance of their building against similar buildings. The most useful metric for comparison is:
ATotal square footage of the building
BOccupancy rate, rent per square foot, and NOI per square foot compared to market data✓ Correct
CThe original purchase price
DThe property tax assessment
Explanation
Commercial property performance is best benchmarked by comparing occupancy rates, rent per SF, operating expense ratios, and NOI per SF against comparable buildings and market averages, providing meaningful performance context for the owner.
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