A retail complex is being developed with a gross building area of 70,000 sf, of which 5% is a central pedestrian mall, and the efficiency ratio of the building will be 80%. What will be the net rentable area of this complex?
A. 28,000 sf
B. 52,800 sf
C. 53,200 sf
D. 56,000 sf
AnswerC. 53,200 sf (70k x 0.05 = 3,500, 70k - 3,500 = 66,500, 66,500 x 0.80 = 53,200sf
ARE 4.0 exam prep: PPP
A. 28,000 sf
B. 52,800 sf
C. 53,200 sf
D. 56,000 sf
AnswerC. 53,200 sf (70k x 0.05 = 3,500, 70k - 3,500 = 66,500, 66,500 x 0.80 = 53,200sf
ARE 4.0 exam prep: PPP
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