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Commercial space is typically advertised in terms of ($)rate per square foot per year, not by monthly payment. Use our convenient commercial real estate lease rate converter to determine monthly lease payment amounts. Simply enter the Square Feet you are leasing and the Price per Square Foot (example 25).

Commercial space is typically advertised in terms of $/SqFt/Year for a number of reasons:

Commercial office buildings, retail spaces, warehouses, land, etc., are often times divided up to create more space for more tenants. Knowing the exact monthly lease payment for every divisible option would be quite a hassle. $/SqFt/Year is beneficial to the tenant and landlord in that it displays exactly how much the space is worth base on the specific amount of square feet required by the tenant.

Triple Net leases (the standard commercial lease type) require tenants to pay for property taxes, insurance, utilities and maintenance. These NNN fees are also expressed in terms of $/SqFt/Year, which can be added to the base rent rate to come up with a total lease rate/SqFt/Year and monthly payment amount.

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