How much additional square footage must be rented to reach 90% occupancy ?

Question

My storage has 45,600 square feet of rentable space. Of this total space 38,799 square feet is occupied.The occupancy percentage is 85%. How much more additional square footage must be rented out to reach 90% occupancy?

Answer 1

First, we can check out that 38,799 ft² is actually 85% of 45,600 ft² by:

38,799/45600 X 100% = 85%

.85086 X 100% = 85%

85.08% = 85%

Close enough.

Therefore, 90% of 45,600 would be

90% X 45,600

.90 X 45,600 = 41,040

You already have 38,799 ft² of storage space occupied and you need to get to 41,040 ft². Therefore, you need to rent out

41,040 - 38,799 = 2241 ft² more to get to 90%.

Hope this helps!