Question

Storage has 45,600 square feet of rentable space. Of this total space, 38,799 square feet is Occupied by tenants.Of the total square footage, how much is vacant?What are the occupancy percentage of this facilityhow much additional square footage must be rented to reach 90% Occupancy?

Answer 1

So first you have to find how much is vacant by subtracting 45600 and 38799
45600-38799= 6801

To find the percentage of the ocuupancy divide 38799 by 45600 to get about 0.85

You move the decimal two places to the right to make it a percent of 85%.

You would need 5% more to fill it 90%.
To find 5 percent of 45600 multiply 45600 by 0.05 because 0.05 equals 5%.
After multiplying you get 2280.

So, 6801 square feet is vacant
85% is occupied
To make it 90% occupied you would need 2280 more square feet