If the rent for a renewing tenant is $25/sf and the rent for a new tenant is $28/sf, what is the projected PGI per square foot if the probability of the current tenant renewing their space is .75? The building offers a total of 50,000 square feet of rentable space and this particular tenant occupies 10,000 square feet. If the remaining space in the property is fully occupied, what is the expected occupancy rate for the building given the market leasing assumptions, lease renewal probability, and months vacant? For the given renewal probability and an expectation that it will take 6 months to find a new tenant, what is the vacancy adjustment per square foot for this tenant?

If the rent for a renewing tenant is $25/sf and the rent for a new tenant is $28/sf, what is the projected PGI per square foot if the probability of the current tenant renewing their space is .75? The building offers a total of 50,000 square feet of rentable space and this particular tenant occupies 10,000 square feet. If the remaining space in the property is fully occupied, what is the expected occupancy rate for the building given the market leasing assumptions, lease renewal probability, and months vacant? For the given renewal probability and an expectation that it will take 6 months to find a new tenant, what is the vacancy adjustment per square foot for this tenant?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter9: Counting And Probability

Section9.3: Binomial Probability

Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...

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