Given the following information, calculate the load factor for this office property. Total usable area: 20,000 sq. ft., Tenant's prorated share of common area: 5,000 sq. ft.
A) 0.25
B) 0.80
C) 1.25
D) 4.00

Question

Quizplus · Accepted Answer

The load factor is calculated by dividing the tenant's prorated share of the common area by the total usable area. So, 5,000 sq. ft. / 20,000 sq. ft. = 0.25. To find the load factor, you add 1 to this result, giving 1.25.

Given the Following Information, Calculate the Load Factor for This