Enter the total rent ($) and the total square footage (ft^2) into the calculator to determine the Rent Per Square Foot.
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Rent Per Square Foot Formula
The following formula is used to calculate the Rent Per Square Foot.
R/SQFT = TR / SQF
- Where R/SQFT is the Rent Per Square Foot ($/ft^2)
- TR is the total rent ($)
- SQF is the total square footage (ft^2)
How to Calculate Rent Per Square Foot?
The following example problems outline how to calculate Rent Per Square Foot.
Example Problem #1:
- First, determine the total rent ($). In this example, the total rent ($) is given as 5000.
- Next, determine the total square footage (ft^2). For this problem, the total square footage (ft^2) is given as 1100.
- Finally, calculate the Rent Per Square Foot using the equation above:
R/SQFT = TR / SQF
The values given above are inserted into the equation below:
R/SQFT = 5000 / 1100 = 4.54 ($/ft^2)
Example Problem #2:
The variables needed for this problem are provided below:
total rent ($) = 6000
total square footage (ft^2) = 1750
Entering these values and solving gives:
R/SQFT = 6000 / 1750 = 3.428 ($/ft^2)
