for Problems 17, 18 and 19, Pick 2 of these three. (Write S…
for Problems 17, 18 and 19, Pick 2 of these three. (Write Skip for the one you do not want graded). CAM charges for retail leases in a shopping mall must be calculated. The retail mall consists of a total area of 3.2 million square feet, of which 850,000 square feet has been leased to anchor tenants that have agreed to pay $2.50 per rentable square foot in CAM charges. In-line tenants occupy 1.65 million square feet, and the remainder is common area, which the landlord believes will require $8.75 per square foot to maintain and operate each year. If the owner is to cover total CAM charges, how much will in-line tenants have to pay per square foot?