Question: A rental property has 36,000 vacant square feet. If the total rentable area of the property is 239,000 square feet. a) What is the vacancy

A rental property has 36,000 vacant square feet. If the total rentable area of the property is 239,000 square feet.
a) What is the vacancy rate?

b) If the property owners wanted to decrease their vacancy rate to 5%, what is the total amount of occupied square footage they would need to rent out?

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