Real Estate Math
A Washington commercial space of 3,200 SF is leased at $24/SF/year with a 3% annual CPI escalator. Year 2 rent per SF is:
A$24.36
B$24.72✓ Correct
C$25.12
D$25.44
Explanation
Year 2 rent = $24 × 1.03 = $24.
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