What is the annual rental cost for office space in a downtown high-rise if it rents at $33.40 per square foot?

To determine the annual rental cost for office space in a downtown high-rise at a rate of $33.40 per square foot, it is essential to know the size of the space being rented, measured in square feet. Although the specific square footage is not provided in the question, the answer reflects a calculation based on a typical office space size.

If we assume a common small office space size, such as 1,000 square feet, the annual rental calculation would be:

1,000 square feet x $33.40 per square foot = $33,400.

However, if the question provides a different base area, the rental calculation would adjust accordingly.

In examining the provided answer choice, $29,815.07, we can infer that it likely corresponds to a specific square footage not explicitly mentioned. This answer indicates a calculated annual cost that assumes a certain size of space yielding that total based on the provided rental rate per square foot. Thus, it confirms the importance of understanding both the price per square foot and the size of the rental space to derive the correct annual cost effectively.