Question: 4. You are currently analyzing the cash flows generated by an office in Hoboken. The lease for the tenant currently occupying 10,000 square feet of

4. You are currently analyzing the cash flows generated by an office in Hoboken. The lease for the tenant currently occupying 10,000 square feet of space is set to expire at the end of the year and you believe there is a 75% chance the tenant will renew the lease. If the current tenant vacates, it will take about 9 months to find a new one. Whether the existing tenant renews or not, you expect to receive $32/sf for this particular space. What is the vacancy adjustment corresponding to this tenant

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