Monthly rent calculator

From Ray Kump, CPA

CompuServe ID: [71773,1274]

This equation helped me drive a good bargain when looking for new office space. It calculates the monthly cost of rental space given the annual square footage rate, the space in square feet and the annual utility charge per square foot. It also calculates the annual rent.

I was interested in the monthly cost. The real estate agent was talking annual square footage rates, sometimes not including utilities, for different offices. It was confusing but this equation kept me focused on the monthly rent amount that was comfortable for me. A soft market helped the agent agree to my offer even though the cost per square foot moved down quite a bit.

{Office Rental|Monthly_Cost=

L(Annual,SqFeet*(Rate+

Utility))/12+Annual*0}