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!

Fire detection

Which of the following detector types can detect smoke or a smoldering fire that has not yet burst into flames? A. Ionization B. Rise-of-temperature C. Photoelectric D. Flame detectors
Post a Comment
See the answer »

Risk management

How does an owner provide a financial safeguard for the following situations: - unanticipated price escalation of a particular product - an architect’s omission of flashing in the construction documents - a necessary change during construction, modifying the project’s scope. A. Allowance B. Alternates C. Contingency D. Escalation Answer C. Contingency is an amount, usually a percentage, that is part of the project budget to offset changes in the scope of the project, unknown conditions, and gaps/oversights in the documents. ARE 4.0 exam prep: PPP
Post a Comment
See the answer »