The base year is 2017 with estimated operating expenses of, Financial Management

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The base year is 2017 with estimated operating expenses of

A tenant signs a 5 year lease for a 5,000 sf space at a rate of $26 psf, FSG, growing at 3% per year. The Base Year is 2017 with estimated operating expenses of $10.21 psf. The lease commencement date is October 1, 2017. Assuming there was no free rent granted, how much

TOTAL rent is the tenant expected to pay in CY 2018? (assume expenses grow 3%)

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