What is the Rental price for a 2800 square foot property?

Answer 1

The answer is, "Whatever the renter is willing to pay that the owner will accept."

The owner wants to be "competitive" in the "marketplace" of leasing land in that area. Unless the owner will give you a special deal, he or she will ask for a price -- based on many factors -- that should be approximately the same as the price for similar properties.

Cost is determined by "supply" and "demand." Where land is scarce and "supply" is low (such as in a major city) or where many people want land and the "demand" is high (such as at a beach resort), the price will be higher.

If land is plentiful and "supply" is high (such as in farming areas), or where few people want land and the "demand" is low (such as swampland), the price will be lower.

Some considerations in establishing a price:

In what country is the land? If in the United States, which state? (demand and the expense of taxes vary from state to state.)

What is the zoning of the property? (How can the land be used?)

Are there any improvements to the property?

Is there road access to the property?

Remember that price is determined by a combination of supply and demand.

Some things, such as land or vehicles, are negotiated directly between buyer and seller to determine a price reflecting supply and demand. Other things, such as groceries or shoes, have set prices based on anticipated supply and demand.