The square footage of the property is typically used to determine rent for commercial real estate. Many elements, including location, facilities, and market demand, affect the rental value per square foot. The rental value may also take into account extra expenses like property taxes, upkeep, and insurance. A lease agreement specifies the terms and circumstances of the rental, including the monthly rent, the method of payment, and any other expenses or fees. For the property to be priced competitively and draw potential renters, it is crucial to estimate the rental value precisely.
