Enter the annual rate per square foot ($/ft^2) and the total square footage of retail space (ft^2) into the calculator to determine the Retail Rent.

## Retail Rent Formula

The following formula is used to calculate the Retail Rent.

**RR = ARP * TA / 12**

- Where RR is the Retail Rent ($/month)
- ARP is the annual rate per square foot ($/ft^2)
- TA is the total square footage of retail space (ft^2)

## How to Calculate Retail Rent?

The following example problems outline how to calculate Retail Rent.

**Example Problem #1:**

- First, determine the annual rate per square foot ($/ft^2). In this example, the annual rate per square foot ($/ft^2) is given as 15.
- Next, determine the total square footage of retail space (ft^2). For this problem, the total square footage of retail space (ft^2) is given as 10000.
- Finally, calculate the Retail Rent using the equation above:

RR = ARP * TA / 12

The values given above are inserted into the equation below:

RR = 15* 10000 / 12 = 12.500 ($/month)

**Example Problem #2: **

The variables needed for this problem are provided below:

annual rate per square foot ($/ft^2) = 25

total square footage of retail space (ft^2) = 5000

Entering these values and solving gives:

RR = 25 * 5000 / 12 = 10,416.66($/month)