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Downtown Retail / Hotel <br />August 2017 <br />MJB Consulting / <br />Greensfelder Commercial RE <br />41 <br /> <br />Tenant Demand <br />Ratio of occupancy costs to projected gross sales <br />–10% rule-of-thumb <br />Asking rents of new space (rumored) = $4.50 per sq ft NNN <br />Requires sales in the $600's per sq ft <br /> <br />