A tenant occupying 20,000 square feet in your building has two years remaining on their lease. You have a good relationship with this tenant and you assess the probability that they will renew their lease at 75%. If your tenant renews the lease, they will pay $15/SF in rent. If the tenant vacates, you expect that a new tenant will pay $18/SF. What is the gross rental income you expect to receive for this space in the year after the lease expires?

Answer rating: 100% (QA)

If the tenant renews the lease Area occupied 20000 sq ft Rent per sq ft 15 Tota... View the full answer