You set up a space absorption profile for $10,000SF$ of vacant space, each lease will comprise of $2,000SF,$ with the first lease starting on $5/1/2016,$ followed by $1$ additional lease every $3$ months. Assuming all spaces are available starting $1/1/2016$ and gross potential rent is $$24/$sqft$/$yr$,$ what is the total vacancy loss for the $1$ st speculative lease in $2016?$