Shop Building

Shop Building

I was quoted on a lease for a shop in a building at 14$ per square foot, does that mean per year?

I called a new set of shops that opened in my area and asked what they offer in price ranges. I am new to this and do not know the right questions to ask. I was told a 2400 square foot shop is 14$ per square foot. Do you think that meant per year or what?

Yes, that is per year. You need to ask the leasing agent if it is a gross or net lease.

If it is "gross" the $14 includes everything. It is probably a "net" lease though, meaning that you will pay an additional amount for Common Area Maintenance (CAM), Taxes, and Insurance. Ask what the charges for that stuff is estimated to be.

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