We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Q A prospective tenant responded to an ad that I placed for vacant space in the office building I own. It needed 10,000 square feet to accommodate its employees and equipment, and had budgeted roughly $8,500 per month for base rent. The tenant told me that the space was the exact square footage it needed and that it would pay the asking price of $10 per square foot. The tenant figured that 10,000 square feet multiplied by $10 per square foot equaled $100,000 per year, or $8,333.33 per month.