If the rent for a renewing tenant is $25/sf and the rent for a new tenant is $28/sf, what is the projected PGI per square foot if the probability of the current tenant renewing their space is .75? The building offers a total of 50,000 square feet of rentable space and this particular tenant occupies 10,000 square feet. If the remaining space in the property is fully occupied, what is the expected occupancy rate for the building given the market leasing assumptions, lease renewal probability, and months vacant? For the given renewal probability and an expectation that it will take 6 months to find a new tenant, what is the vacancy adjustment per square foot for this tenant?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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If the rent for a renewing tenant is S25/sf and the rent for a new tenant is $28/sf, what is the
projected PGI per square foot if the probability of the current tenant renewing their space is .75? The
building offers a total of 50,000 square feet of rentable space and this particular tenant occupies
10,000 square feet. If the remaining space in the property is fully occupied, what is the expected
occupancy rate for the building given the market leasing assumptions, lease renewal probability,
and months vacant? For the given renewal probability and an expectation that it will take 6 months
to find a new tenant, what is the vacancy adjustment per square foot for this tenant?
Transcribed Image Text:If the rent for a renewing tenant is S25/sf and the rent for a new tenant is $28/sf, what is the projected PGI per square foot if the probability of the current tenant renewing their space is .75? The building offers a total of 50,000 square feet of rentable space and this particular tenant occupies 10,000 square feet. If the remaining space in the property is fully occupied, what is the expected occupancy rate for the building given the market leasing assumptions, lease renewal probability, and months vacant? For the given renewal probability and an expectation that it will take 6 months to find a new tenant, what is the vacancy adjustment per square foot for this tenant?
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