To calculate the Retail Rent (RR):
RR=ARP×TA12
Where:
Retail rent is the monthly cost of leasing retail space, calculated based on the annual rate per square foot and the total square footage of the space. This metric helps businesses understand their leasing costs and manage their budgets effectively.
Let's assume the following values:
Using the formula:
RR=20×150012=2500 dollars/month
The Retail Rent is $2500 per month.
Let's assume the following values:
Using the formula:
RR=30×200012=5000 dollars/month
The Retail Rent is $5000 per month.