Broker/owner Johnson of ABC Realty Inc, is weighing the financial merits of remaining in the office premises that consists of 3,250 square feet.
The current rent per square foot per year is $10.25.Last year, the same premises rented at $9.75. The landlord has informed broker /owner Johnson that next year year's rent will be $10.25 per square foot per year.
What are the respective rent increases from last year to this year, frhom this year to next year and the amount of rent payable each monthduring the next year if brokerage /owner Johnson elects to remain in these premises?