Commercial Lease Calculator

Formula

The formula to calculate the commercial lease amount is:

\[ R = A \times RR \]

Where:

$R$ is the rent per year or month
$A$ is the square footage or total area
$RR$ is the rental rate per unit of area (e.g., per square foot)

What is a Commercial Lease?

A commercial lease is defined as the total lease value of a property or rental unit based on the size and rental rate per unit area. The calculation involves multiplying the square footage (or any other unit of area) by the rental rate per square foot (or the same unit).

Example Calculation 1

Let's assume the following values:

Total Area (A) = 2000 square feet
Rental Rate per Unit Area (RR) = $15 per square foot per year
Period = Per Year

Using the formula:

\[ R = 2000 \times 15 = 30000 \]

The Rent per Year is $30,000.

Example Calculation 2

Let's assume the following values:

Total Area (A) = 1500 square feet
Rental Rate per Unit Area (RR) = $10 per square foot per month
Period = Per Month

Using the formula:

\[ R = 1500 \times 10 = 15000 \]

The Rent per Month is $15,000.