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Question
How do I figure out what I'm paying per square foot?
Hi Karen,
Take the total amount of rent that you are paying per month. If you divide that by the square footage that you are leasing, you will get your rent per square foot per month. If you multiply by 12, you will get your rent per square foot per year. How rent is quoted varies between these two from place to place. Where I live, all rents are quoted in dollars per square foot per year. In California, for example, it's most often quoted in dollars per square foot per month.
Hope that helps,
John Smiley
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Answers by Expert:
John Smiley
Expertise
I am a commercial lease negotiator who specializes in representing dentists, doctors and other professionals. I have represented every manner of tenant (retail, industrial, office, professional) and only negotiate on behalf of tenants. I can answer questions that deal with commercial landlord/tenant relationships, negotiating factors and strategies, process-oriented questions, and other matters that pertain to commercial landlord and tenant rights and obligations.
Experience
I am a commercial tenant representative, specializing in negotiations on behalf of doctors, dentists, chiropractors, and other professionals. I have been a real estate professional for 10 years and have negotiated over 600 commercial lease transactions or 20,000 lease amendments, almost all representing the tenant.
Education/Credentials
B.Mgmt. (Finance)
Real Estate License
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