Commercial Lease (CL) Calculator

Calculates commercial lease cost based on total square feet and rental rates.

Annual Occupancy Cost Formula

8800 * $7.5 = $66000.John leases 8,800 square feet of commercial space at a rate of $7.50 per square foot annually. Thus, John’s total annual occupancy cost for the leased space is $66,000.

Monthly Occupancy Cost Formula

$10400 / 12.0 = $866.67.If John's annual occupancy cost is $10,400, then his monthly occupancy cost is $866.67. This represents the average monthly expense for using and occupying a space or asset over the course of a year.

Total Lease Cost Formula

$15 + $5 = $20.John and Jane leased a small office space with a base rental rate of $15 per square foot annually. They also incurred $5 per square foot in pass-through costs, including shared expenses like maintenance and property taxes. Their total lease cost per square foot is 20 square feet.

Meaning

The Commercial Lease (CL) Calculator is used to determine the total amount payable at the end of the lease term, including rent and other charges. It provides an estimate of the costs associated with leasing commercial property over a specified period. The calculator takes into account various factors such as lease duration, rent escalation, and other applicable charges.