Can someone clarify commercial storefront leasing prices for me?

I'm considering starting up a business in my town, and I found a fantastic location. I had a sibling of mine call today to inquire since I was busy during their available hours, and they said the going rate is about $18/sq. foot.

My question is.. is this per month? Per year? The building is about 2,000 square feet, so that would be a whopping $36,000 a month! I can't imagine that's what small business owners pay to rent (especially here.. Minnesota, not exactly New York).

I know no one can give me a definite answer, but are lease prices generally give per month or per year? My business plans are shot if rent is going to be 36 thousand per month.


1 Answer

  • 9 years ago

    divide by 12

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