Convert between total rent and per-square-foot rates for commercial leases. Whether you have a total annual rent figure or a per-square-foot rate, this calculator converts between both and shows your monthly cost.
By Angel Campa, Founder · Updated March 2026
Rent Per Sq Ft = Total Annual Rent ÷ Leasable Square Footage
Commercial rents are almost always quoted as annual figures per square foot, then multiplied by the tenant's square footage. Confirm whether quoted rates are annual or monthly — annual is standard.
| Leased Square Footage | 2,500 sq ft |
| Total Annual Rent (optional) | $0 (not entered) |
| Rent Per Sq Ft / Year (optional) | $22.00/sq ft/year |
Result
$22.00/sq ft/year — $55,000/year ($4,583/month)
| Line Item | Value |
|---|---|
| Annual Rent Per Sq Ft | $22.00/sq ft/year |
| Total Annual Rent | $55,000 |
| Monthly Rent | $4,583 |
| Daily Rent | $150.68/day |
| 5-Year Total | $275,000 |
Enter either this OR the per-sq-ft rate below
Annual rent rate per square foot
Result
$22.00/sq ft/year — $55,000/year ($4,583.33/month)
| Line Item | Value |
|---|---|
| Annual Rent Per Sq Ft | $22.00/sq ft/year |
| Total Annual Rent | $55,000 |
| Monthly Rent | $4,583.33 |
| Daily Rent | $150.68/day |
| 5-Year Total | $275,000 |
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Commercial rents in the US are almost universally quoted as annual figures per square foot — for example, "$24.00/sq ft/year." To find your monthly rent, multiply your square footage by the annual rate and divide by 12. Some landlords quote monthly rates (divide annual rate by 12, so "$2.00/sq ft/month" = "$24.00/sq ft/year"). Always confirm which convention is being used.
It depends heavily on the market, building class, and lease type. Class A urban office space typically runs $40–$80+/sq ft/year. Suburban office runs $20–$40/sq ft. Retail strip centers run $18–$35/sq ft base rent. Flex/industrial space runs $8–$18/sq ft. These are base rent figures — NNN pass-throughs typically add $6–$15/sq ft on top.
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