Question: Total development costs (including sufficient profit for the developers) are $200/SF. Cap rates in the asset market are 8%. What is the replacement cost rent
Total development costs (including sufficient profit for the developers) are $200/SF. Cap rates in the asset market are 8%. What is the replacement cost rent in this market? Question options:
$20.00/SF.
$16.00/SF.
$12.50/SF.
$10.00/SF.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
