Business, 12.03.2022 14:40 caleelwittmann31

A manager of 468,000 square foot medical office building recommends renovating the building common areas and main lobby. Local bids indicate that the improvements would cost $1.2 million to complete. The manager states that the aesthetic upgrades would increase average rents by $0.20/sf/month. What would the payback period be for this recommendation?

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A manager of 468,000 square foot medical office building recommends renovating the building common a...