Commercial rental rates of 16-25¢ per square foot per month equal roughly $2-$3 per year. A work truck needs 40 feet by 15 feet to park with both doors opening, and the speaker calculates how many fit in a given lot.
Chapters
Right. Well, and just so everybody understands, she's saying the numbers are 16 cents a square foot to 25 cents a square foot. When you do that per year, that's like between $2 and $3 a square foot. So I talk in per year and he's talking in per month so that there's an understanding of why there's a difference because 25 cents a square foot per month works out to $3 a square foot per year. So if that makes sense, so the comps are right there. So trying to get more like $3 a square foot would be even better. Go ahead and ask it real quick based on the square footage. How many work trucks would fit in there? 40-foot space for taking up 40-foot spaces. What would we be able to park in there as far as how many work trucks could we park in there? How big are the trucks? We need, we need 40-foot spaces, 40-foot by 15-foot. Even though the truck's only about 9-foot wide, you got to give room for the guys to open their doors and have both doors open at the same time.