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You recently took over an indoor mall and you are concerned about leasing arrangements for retail...

You recently took over an indoor mall and you are concerned about leasing arrangements for retail space within the mall. The common area maintenance charges are estimated to be $8.00 per square foot per year. In-line tenants of the mall occupy 1.3 million square feet. The three anchor tenants occupy 800,000 square feet of space, and all of them have agreed to pay $2.00 per rentable square foot for the common area maintenance. The mall consists of a total of 2.8 million square feet. In order to cover all of the common area maintenance charges, how much does the owner have to charge the in-line tenants per square foot?

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