A 1,000 square foot office space is leased at $15.00/square foot during the first year with $2.00 step-up provisions each of the following years.The lease is gross with an expense stop set at $6.65/square foot,and yearly expenses/square foot are as follows: $6.00,$6.65,and $7.05.The lease provides for two months of free rent at the end of the lease term.If the lease term is three years and the discount rate is 10%,what is the effective rent/square foot?

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The Answer of A 1,000 square foot office space is leased at $15.00/square foot during the first year with $2.00 step-up provisions each of the following years.The lease is gross with an expense stop set at $6.65/square foot,and yearly expenses/square foot are as follows: $6.00,$6.65,and $7.05.The lease provides for two months of free rent at the end of the lease term.If the lease term is three years and the discount rate is 10%,what is the effective rent/square foot?

A 1,000 Square Foot Office Space Is Leased at $15