Skip to main content

Retail space estimating

An urban area that serves as the catchment area for a proposed retail center with a population density of 60 persons per acre in 1500 acres will require a sales volume of $95 per square foot of leasable area to be profitable. If the average personal consumption expenditure per person is $300 within this catchment area, what is the maximum gross leasable area that is supportable?
A. 28,500 sf
B. 165,000 sf
C. 284,211 sf
D. 265,648 sf

AnswerC. 284,211 sf (1500 x 60 x $300 / $95)

ARE 4.0 exam prep: PPP

*updated

Comments

Post a Comment

Try These Too!

Vertical louvers

On which elevations of a building are vertical louvers generally more effective? Select 2 A. East B. South C. West D. North Answer A. East and C. West (answer applies for northern hemisphere) ARE 4.0 exam prep: SPD
Post a Comment
See the answer »

Friction loss

Friction loss or static head in sizing of air ducts is given in this expression of units: A. pounds per square inch B. inches of water per 100 feet C. inches of refrigerant per 100 feet D. inches of water per foot Answer B. inches of water per 100 feet ARE 4.0 exam prep: BS
Post a Comment
See the answer »

Joint ventures

Which AIA document series includes agreements for joint ventures? A. A-series B. B-series C. C-series D. D-series E. G-series Answer C. C-series covers architect/consultant documents including joint ventures.
Post a Comment
See the answer »