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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.
While green buildings command a higher per-square-foot rate, businesses require less square footage.â. Hypothetically, Berkebile figures it like this. A 20,000-square-foot space in a standard office building that rents for $18/square foot has a total annual cost of $360,000. A more efficient layout in a newer, green building in which the same tenant may occupy only 15,000 square feet but may have a rent of $20/square foot for a total annual bill of $300,000.