Dallas Hartwig, Whole9 co-founder, co-authored the New York Times bestselling books The Whole30 and It Starts With Food. Subscribe to our newsletter to learn more about the 9 factors we believe lead to a healthy, vibrant, balanced life.
Realtors and property managers often state the lease amount for commercial buildings in terms of square footage, such as $1.87 per square foot. Depending on the space you are leasing, this term can be misleading.ivide that amount by your usable square footage to calculate your actual price per usable square foot. For example, if the rentable square footage is 1,130 and the price is $1 per square foot, your monthly lease amount is $1,130.
What this means is that there are a number of spaces available in this building, ranging from 829 square feet (Iâll abbreviate this âsfâ for simplicity) to 2348sf. The lease on the space ranges from $22 to $25 per square foot, presumably depending on location, windows, and the desirability of the overall space. Thatâs also on an annualized basis, which also means that itâs for an annual lease. Do the math and the smallest space is going to cost (829*22)/12 = $1519/month. But wait, weâre not done, because of the ânet leaseâ effect.