Levels Tought:
Elementary,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 259 Weeks Ago, 5 Days Ago |
Questions Answered: | 20103 |
Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Question description
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In managing your office building in the bay area you have had a number of companies (tenants) move out recently. This is a problem because as your tenants leave by not renewing leases the revenue from the building decreases. You currently have 21.5% of the office space vacant with no tenants.
After investigating you discover that your "loss factor" is 30%.
What does this tell you about why you are losing tenants?
If your rent is $20.00 per sq. ft. annually how much more money in rent might this be costing a tenant in your building?
How can you remedy the situation?
Is it possible you could be fired over this?
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