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Retail Rent Calculator

Formula

To calculate the Retail Rent ( $RR$ ):

$RR = \frac{ARP \times TA}{12}$

Where:

$RR$ is the Retail Rent ($/month)
$ARP$ is the Annual Rate Per Square Foot ($/ft²)
$TA$ is the Total Square Footage of Retail Space (ft²)

What is Retail Rent?

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.

Example Calculation 1

Let's assume the following values:

Annual Rate Per Square Foot ( $ARP$ ) = $20/ft²
Total Square Footage of Retail Space ( $TA$ ) = 1500 ft²

Using the formula:

$RR = \frac{20 \times 1500}{12} = 2500 \text{ dollars/month}$

The Retail Rent is $2500 per month.

Example Calculation 2

Let's assume the following values:

Annual Rate Per Square Foot ( $ARP$ ) = $30/ft²
Total Square Footage of Retail Space ( $TA$ ) = 2000 ft²

Using the formula:

$RR = \frac{30 \times 2000}{12} = 5000 \text{ dollars/month}$

The Retail Rent is $5000 per month.