A general example of common area maintenance (CAM) charges might be as follows: (1) a retail mall contains 2 million square feet of space, of which 1.2 million is rentable area and 800,000 square feet is common area; (2) total CAM expenses are $3,000,000 for the year; and (3) anchor tenants occupy 700,000 square feet of rentable area and in-line tenants occupy 500,000 square feet. The owner of the mall has negotiated with four anchor tenants that they will pay $2 per rentable foot for CAM charges on a combined total of 700,000 square feet. As per this example, what will be the CAM charges per rentable square foot for in-line tenants?

A general example of common area maintenance (CAM) charges might be as follows: (1) a retail mall contains 2 million square feet of space, of which 1.2 million is rentable area and 800,000 square feet is common area; (2) total CAM expenses are $3,000,000 for the year; and (3) anchor tenants occupy 700,000 square feet of rentable area and in-line tenants occupy 500,000 square feet. The owner of the mall has negotiated with four anchor tenants that they will pay $2 per rentable foot for CAM charges on a combined total of 700,000 square feet. As per this example, what will be the CAM charges per rentable square foot for in-line tenants?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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