In retail property types, rents are quoted on the basis of which of the following?
A) Usable area
B) Gross floor area
C) Gross leasable area
D) Rentable area

Question

Quizplus · Accepted Answer

In retail property types, rents are typically quoted on the basis of the gross leasable area, which includes all areas within the tenant's lease space, such as sales area, storage, and back office space. This is because retail tenants often require specific layouts and design features, and the gross leasable area allows for flexibility in configuring the space to meet their needs.

In Retail Property Types, Rents Are Quoted on the Basis