1. What is Commercial Property Rent?

Commercial property rent refers to the periodic payment made by a tenant to a landlord for the use of a commercial space. In Australia, commercial rents are typically quoted per square foot on a monthly basis.

2. How Does the Calculator Work?

The calculator uses the commercial rent formula:

Where:

• \( Area \) — Floor area in square feet
• \( Rate \) — Rental rate in AUD per square foot

Explanation: The formula calculates the monthly rent by multiplying the total area of the commercial space by the rental rate per square foot.

3. Importance of Rent Calculation

Details: Accurate rent calculation is crucial for budgeting, financial planning, and comparing different commercial property options in the Australian market.

4. Using the Calculator

Tips: Enter the total area in square feet and the rental rate per square foot in AUD. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What's typical commercial rent in Australian cities?
A: Rates vary significantly by location, with Sydney and Melbourne CBDs commanding the highest rates (AUD 100-200/sqft/month), while suburban areas may be AUD 30-80/sqft/month.

Q2: Are there additional costs beyond base rent?
A: Yes, commercial leases often include outgoings (property taxes, maintenance) which can add 20-40% to the base rent.

Q3: How often do commercial rents increase?
A: Most leases include annual increases tied to CPI or fixed percentages (typically 3-5% per annum).

Q4: What's the difference between gross and net rent?
A: Gross rent includes outgoings, while net rent is the base amount before additional charges.

Q5: How does lease term affect rent?
A: Longer leases (5+ years) often secure lower rates, while short-term flexible space commands premium pricing.