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Gross Income

Total income from property before any expenses are deducted.

Example: A building with 10,000 net rentable square feet of floor space rents for an average of $10 per square foot. Concessions in the lobby produce an additional $20,000 in annual income. An average 5% Vacancy Rate is maintained.

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Page last modified on May 10, 2010, at 11:17 AM EDT