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I was casually talking to a real estate manager in San Francisco and he mentioned that an office might be availabe for rent at $30 per square foot. Not wanted to confess my ignorance, I have no idea if he meant per month or per year. Are commercial rental rates typicaly quoted on a per month or per year basis? |
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Commercial office space in urban areas is typically quoted per year (ie $30 per square foot per year). Retail, industrial, and non-urban space is typically quoted per month. Given the non-standard industry practice, I think it's okay to ask whether the price quoted is per year or per month. |
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