FutureDave - This actually is for something else. I know I started a thread about buying a gym, but this is completely different. Its something I came up with right after the gym idea. LOL! But thanks for the help and opinions
It is absolutely per month.
Maybe if you live in Cali…
I would say it is per year. Let’s say you wanted a 5K square foot center, at 10 per month, that comes out to 50,000 per month!
I don’t know about you, but there’s no way I’m paying 50K per month for a 5K square foot center.
Usually the 10 to 20 is per year.
That is what I was thinking, but wasn’t sure (which is why I started the thread LOL!) There is a nail salon that is right next to a place I was looking at. The space looks to be the same square footage and they want $20/square foot and its 1300 square feet.
So, if it was per month, that would be $26k per month just to pay the lease. That nail salon has been there for a couple years, so I’m assuming they are doing okay.
Again, I’m not sure. Just curious if its standard around the country or not.
Thanks for all the replies. I appreciate it