Question: Rent per Leased Square Foot Calculation: Assume that based on your knowledge of the local market, you determine the expected rent is $35 per leasable

Rent per Leased Square Foot Calculation: Assume that based on your knowledge of the local market, you determine the expected rent is $35 per leasable square foot (LSF) per year. However, you must adjust the rent per leasable square foot to reflect vacant space. Assuming a 15% vacancy rate (85% occupancy rate) upon stabilization, what do you estimate the rent per leased square foot to be?

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