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Question
Rent: Releasing
In the event that DCH does not renew its 10,000 square foot lease we will need to release the space. DCH has been in the space for 15 years and it will need a complete interior renovation. This will cost $25 per square foot. It will also cost 3% of the total rent for the new tenants first term as a leasing commission. What will it cost to release the lease the space to a new tenant for a five year term at a $20 per square foot rent level?
Answer
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