A landlord is marketing a warehouse building in Toronto having 100,000 sf for a 10-year lease. The building has a building area efficiency ratio of 85%. The marketing brochure indicates the total Lease Present Value for the 10-year term is $15,000,000. What would be the effective rent per sf of the leasable area for this lease? Assume 6.5% for the landlord's discount rate.

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SOLUTION To calculate the effective rent per sf of the leasable area w... View the full answer