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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.
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. If the usable space is 1,000 square feet, the cost per square foot of the space that you are leasing is $1.13.