Question

You can get some great new space for $126,000 per year. You will be leasing 3,900 square feet. What will your rent be per

square foot per year?
a) $25 / sq ft
b) 5327 sq ft
O c) 544 / sq ft
d) $627 sq Ft

Answer 1

Answer: $32.31 per ft²

Step-by-step explanation:

You can rent 3,900 ft² for the year at $126,000.

In order to find out how much you are renting each ft² for, divide the rent being paid by the ft² being rented:

= Yearly rent / Square feet rented

= 126,000 / 3,900

= 32.3076923

= $32.31 per ft²

Options are not for this variant of the question.