Convert between total rent and per-square-foot rates. Compare lease rates across properties and calculate total annual occupancy cost for commercial spaces.
Convert and compare commercial lease rates
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Explore Ownership →The standard metric for comparing commercial lease rates.
Commercial leases are typically quoted as annual rent per square foot. A $30/SF annual rate = $2.50/SF monthly. Always clarify whether a quoted rate is annual or monthly. Office and retail leases use annual PSF; some residential and industrial markets quote monthly.
NNN (Triple Net): Tenant pays base rent + taxes + insurance + maintenance. Gross: Landlord covers all expenses. Modified Gross: Split between both. A $25 NNN lease might cost $35–$40 all-in, while a $35 gross lease includes everything. Always compare on an all-in basis.
Rentable SF includes your space plus a share of common areas (lobbies, hallways). Usable SF is your actual space. The load factor (rentable ÷ usable) is typically 1.10–1.20x. A 2,000 usable SF office might be 2,300 rentable SF. You pay rent on rentable SF.
If your rent PSF exceeds the mortgage payment PSF on a comparable building, ownership may be smarter. Many businesses discover they can own for the same or less than they lease — plus build equity. Our advisors model the buy-vs-lease comparison for free.
Common questions about commercial rent rates.
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