A tenant occupies 2,000 square feet and pays a fixed base rent of $26.00 per square foot. The tenant took occupancy of the space in 2018 and the base year stop was $6.75 per square foot. For 2023, the landlord has estimated operating expenses and real estate taxes to be $8.00 per square foot. What is the estimated potential gross income (per sq foot) in the year 2023?

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To calculate the estimated potential gross income per square foot in the year 2023 we need to consid... View the full answer