As Omni Consulting Group’s Southeast Director of Real Estate Operations, you are hunting for 7,500 square feet of usable

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As Omni Consulting Group’s Southeast Director of Real EstateOperations,you are hunting for 7,500 square feet of usable office space for anewbranch office for 20 of your employees in Mobile, Alabama. Acommercialreal estate leasing broker shows you a 7-story multi-tenant officebuildingwith 250,000 square feet of gross building area. 50,000 square feetisnonrentable interior space. Another 50,000 square feet is commonareausable by all tenants. The 7,500 square feet of usable area thatyou seek ison the 2nd floor, which contains 21,500 square feet of rentablearea, and isleased by other tenants who occupy a combined total of 12,000square feetof usable space. The broker indicates that the base rents will be$22 PSF ofrentable area.a. Calculate the total rentable area in the building as though itwould beleased to one tenant b. Calculate the load factor and common area on the 2nd flooronly. c. Calculate the rentable area, including the load factor forcommonareas on the 2nd floor. Also calculate the total rent per squarefootOmni Consulting Group will pay for the coming year if it choosestolease the space. d. Adjust (b) assuming that the owner adjusts the load factor forothercommon areas in the building. e. Calculate total rent per square foot, assuming that adjustedloadfactors are applied to usable area for both the common areas inthebuilding lobby and on the 2nd floor.