Mortgage News Home

Sunday October 12, 2008

Home Page   28,684 Active Members   Register Welcome, Guest    Sign In  


Wiki Home

Ask A Question

SEARCH ANSWERS

Unanswered Questions

Partially Answered Questions

Answered Questions
Select A Category
 -Mortgage
 -Real Estate
 -Home Construction
 -Home Maintenance
 -Personal Finance


Top Contributors

Contributor
Sign In

Become A Contributor

Mortgage Rates
  30 Yr Fix 5.94% -0.16%
  15 Yr Fix 5.63% -0.15%
  1 Yr ARM 5.15% 0.03%
  5/1 ARM 5.90% -0.10%
  30 Yr Tres 4.06% 0.03%
  Fed Prime 5.00% -0.25%




 
What does the rental statment "$1.00 per square foot" mean related to monthly payments in commercial space. Is that a dollar psf every month or for the year divided by 12?   - [Answer this question]

Commercial Real Estate Cost Per Square Foot


The rental statement "$1.00 PSF" is definitely per month. It is really depending on local customs to quote the rental rate. California is usually per month basis. Seattle area is per year basis. Thus, it will quote as $12.00 per square foot.

Some rental rate is gross basis or triple-net lease basis.

Gross basis is when all charges are included in the rental rate and it is typical for office space. Triple-net lease is for typically retail commercial properties and the tenant is responsible to pay property tax, insurance, and common area maintenance charges. The rental rate is also related to the duration how long you have the lease.


NEW! - Rate This: 8.00/10 (2 votes cast)

 

Contributed By:  David Hahn, CCIM - 4/29/2008




Question Status: Open For Answering | Submit Answer | Permalink
This page and been accessed 691 times.


Important Disclaimer: Questions and answers provided on the Mortgage News Daily Wiki are general information, and are not intended to substitute for informed professional financial, tax, legal, investment, accounting, or other professional advice. Mortgage News Daily does not endorse, and expressly disclaims liability for any product, service or service provider mentioned or any opinion expressed in these questions and answers. Please read carefully the Mortgage News Daily Wiki Disclaimer.
Home - Contact - Sitemap - Disclaimer - Privacy Statement - Advertising
All Content Copyright © 2003 - 2008 Brown House Media, Inc. All Rights Reserved.
Reproduction in whole or in part in any form without the express written permission of MortgageNewsDaily.com is prohibited.