As the property manager, your leasing agent has a potential tenant. The rent is $20,000/month. You will need to provide some inducement to the tenant by offering a tenant improvement allowance of $6/sq. ft. The space measure 200 x 90 ft. There is also a small area in the back that is included in the lease which measures 26 x26 ft. The leasing agent has also included free rent for two months to the tenant as an inducement to sign the lease. What is your revenue, net all expenses collected over the first year period? Note the leasing agent fee is 10% on the rent collected from the tenant during the first year.