All of the following factors will affect the market rent on an office building except:

Question

Ramon Hampton

Business

29 July, 14:51

All of the following factors will affect the market rent on an office building except:

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Answers (1)

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Fatima Perkins · Answer 1

a. Median income of families in the property's location

b. Demographic makeup of the area's population

c. How likely it is that shopping will locate to the area

d. Availability of homes or condominiums to purchase in the local area

Answer:

c. How likely it is that shopping will locate to the area

Explanation:

Market rent refers to the potential amount in which a property can be rented in a specific area. This value is affected by different factors like the earnings of people living in the area, the properties available, the characteristics of people living there, all of which will motivate people to be interested in living there or not which can increase or decrease the price that someone will be willing to pay. According to this, the factor that won't affect the market rent on an office building is how likely it is that shopping will locate to the area.