What does price per sq ft have to do with monthly lease price?
Im lease out commercial real estate in nyc. I want to know how much per month I can potentially get from the space. People keep giving me the price per sq ft. What does that have to do with the monthly rental income? How can I calculate how much I will receive per month based on the price per sq ft?
[{"id": "d63i1ep", "text": "(price per square foot x square feet of premises) / 12 (months)", "replies": [], "depth": 1}, {"id": "d63jm4u", "text": "Not to be a jerk, but real estate if full of risk and if you have to ask this question, you might not be ready yet. MIT offers their real estate courses online for free. I would start [there](http://ocw.mit.edu/courses/find-by-topic/#cat=business&amp;subcat=realestate). ", "replies": [{"id": "d63s2l6", "text": "Or just hire someone to manage it for you.", "replies": [], "depth": 2}], "depth": 1}]