At 21:17 on the video we are talking about rates per sq ft. The math in the example shown starts with a 10x10 unit (100sq ft) for 77.25 per month. To convert that to a rate per sq ft, you would take monthly rate/sq feet of that unit and then multiply by 12 months. So, (77.25/100)*12 = 9.27 In Trachte's basic investment calculator we use an average of the rates for a 10x10 and 10x15 to develop a ballpark income number for rough projections on basic drive up sites. When looking at management reports for a property this is usually a provided figure. Rate per sq (average for the whole property) is a helpful metric for broad comparisons and rough cash flow.
The place down the road rents a 10x10 for $158 a month. So [$158 x 12 Months] / (100 Sqr feet) = $18.96 a Sqr foot. Am I doing my math correctly for the >$8 sqr foot analysis?
The calculation is correct, although you may want to use the 10x15 rate for a more conservative estimate, especially if you are in an area with some larger average unit sizes. The smaller units tend to rent for more per sq ft.
Hi Jamie, Thank you for the videos! I would love to discuss my project with your team. I've emailed and called a few times, but I haven't received a response in a few weeks. I Look forward to hearing from you. Thank you
Hi Derek, it's been a crazy spring of building activity, sorry for any missed or delayed response. Try contacting our Regional Manager for CA (Mike Larson) directly at 608-327-3128 mlarson@trachte.com
Great video
Hi Jamie, could you go into detail on how you got your average rental rate. I look forward to your response.
At 21:17 on the video we are talking about rates per sq ft. The math in the example shown starts with a 10x10 unit (100sq ft) for 77.25 per month. To convert that to a rate per sq ft, you would take monthly rate/sq feet of that unit and then multiply by 12 months. So, (77.25/100)*12 = 9.27
In Trachte's basic investment calculator we use an average of the rates for a 10x10 and 10x15 to develop a ballpark income number for rough projections on basic drive up sites.
When looking at management reports for a property this is usually a provided figure. Rate per sq (average for the whole property) is a helpful metric for broad comparisons and rough cash flow.
The place down the road rents a 10x10 for $158 a month. So [$158 x 12 Months] / (100 Sqr feet) = $18.96 a Sqr foot. Am I doing my math correctly for the >$8 sqr foot analysis?
The calculation is correct, although you may want to use the 10x15 rate for a more conservative estimate, especially if you are in an area with some larger average unit sizes. The smaller units tend to rent for more per sq ft.
Do you have a list of Feasibility people i could use in Indiana
We have a list of consultants here on our web site: www.trachte.com/resources/industry-specialists/#feasibility-consultants
Hi Jamie, Thank you for the videos! I would love to discuss my project with your team. I've emailed and called a few times, but I haven't received a response in a few weeks. I Look forward to hearing from you. Thank you
Hi Derek, it's been a crazy spring of building activity, sorry for any missed or delayed response. Try contacting our Regional Manager for CA (Mike Larson) directly at 608-327-3128 mlarson@trachte.com