HALP.

My boss wants me to calculate our budget for what we can spend per square foot per staff person. The annual budget for rent for 2013 is $18,000, and we have 7 full time staff people.

I can't wrap my brain around how to calculate this. Do I need more information? Anyone have thoughts?

Yeah, you need the square footage of your office.

Then you can divide $18K by the square footage of the office to get the price per square foot, then divide again by 7 to get the price per square foot per staff member.

18K / 7 = 2.57K per person.

according to this: [link]

average sq ftg per worker is currently about 150.

so you'd need to be able to get 150sq ft for $2570.00 or just over $17 a sq ft.

If my math logic is correct.

Or wait, are you looking for a new office, and need to know how big you can afford, is that it?

flea, yes.

Annual rent per person is $2571, so if you find a 25,710 square foot place for $18K, that'll be $1 per staff person, right?

I can see why you are confused. Don't most spaces rent by the month? So you need a space that you can rent for $1500 a month that fits 7 people. If msbelle is right and 7 people need 150 square feet each, you need at least 1050 square feet. So if you found a space that matched those numbers the cost would be $1.43 per square foot per person per month (multiply time 12 for a year).

This conversation is making me want to cry.

Awesome, thank you! I think I got it now.

I just emailed Dylan's teacher asking if I could help out with school supplies - it's been two days since he used up all the pages in his marble homework notebook and she hasn't given him a new one. I figure it's about a 50/50 chance of having 29 kids to keep track of and just forgetting to give him a new one vs running out and not having a budget to buy more. Hopefully she won't think I'm just being passive-aggressive about Dylan turning in homework on loose leaf paper the past two days...