Hi Siddhant. To understand how to calculate price per square foot commercial lease, you must know a couple of things. First is the total square footage of the property you’re paying rent for. Second, the monthly or yearly rent you’re paying. You simply need to divide the total square footage by the rent and the obtained figure will be the per square footage rent. If you have shared spaces and then you need to calculate the rent, there is another formula for it. I am sharing it below.
How do you Calculate Commercial Rent Per Square Foot?
Commercial properties can also be given on rent based on shared areas and accessible areas. Our office has this concept. So, to calculate the rent for this, you can follow the following formula:
Rent = Accessible Sq Ft x Accessible Sq Ft Rate Per Month + (Common area x the rates per month for the common area)
For example, consider that the shared area is 100 square feet and the accessible area is 200 square feet. The rent for the shared area is Rs. 50 per square feet and that of the accessible area is 100 per square feet. Then, the calculation would go something like this:
(200 x 100) + (50 x 100) = Rs. 25000
You can use this method as well to understand how to calculate rent per square foot commercial. I hope it helps.
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Hey there friend,
As people who are interested in leasing property, we need to conduct our due diligence about commercial rental cost per square foot. I personally use rent per square foot calculator for the same. But I ensure that I should anyway know how to calculate rent on different properties.
How to calculate commercial rent per square foot ?
This is how to calculate commercial rent :
Take your price Per Square Foot for thc commercial property
Multiply That By Your Total Square Footage
This will give you total Annual Rent
Divide total Annual Rent By Twelve
This is how to find Monthly Rent estimate.
Stay one step ahead. Get your rent estimate with a click of your fingers by checking out NoBroker Rent Estimate Services How do you calculate rent per square foot ?You can use the formulae given below as rent per square foot calculator and find out
rent per square foot of your property.
Rent per square foot = monthly rent / floor space (ft²) .
Another important formula you might need for how to calculate rent per square foot is how to calculate price per square foot.
The mathematical formula for which is price per square foot = price / floor space (ft²)
.
This is how to calculate the rent per square foot.
Check out NoBroker Owner Plan to quickly rent out your property today Read more : How much does carpet cost a square foot? What is painting labor cost per square foot in India? What is glass roof cost per square foot in India?Your Feedback Matters! How was this Answer?
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Authors Of The Question
How to Calculate Commercial Rent per square Foot ?
siddhant
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2 Answers
2 Year
2022-03-01T02:15:29+00:00 2024-10-21T09:50:39+00:00Comment
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