Average rent per square foot formula

[GJ]

Hi - I have an excel spreadsheet for an office building that I need to
calculate the average rent per square foot. In the spreadsheet I have 5
columns: 1 - Leased area (sf), 2 - term of the lease (mo), 3 - rental rate
for yr 1 ($), 4 - annual increase (%), and 5 - the months of free rent. I
need the formula to take this information and spit out the average rent per
square foot. Thanks for the help!

 

[David Biddulph]

Depends how you are calculating the increased rent. How often are you
increasing the rent, and how is that dependent on the annual increase and on
the rent-free term? Best to give us an example.