What is the community's average rent per square foot if it offers the specified mix of units?

To determine the community's average rent per square foot, one would typically need to analyze the specific unit types, their respective square footages, and the rents associated with each unit. The average rent per square foot is calculated by taking the total rent for all units, dividing it by the total square footage for those units.

If the correct answer is $1.30, it indicates that the collective rent for the community's units, when divided by their total square footage, amounts to this value. This figure suggests a well-structured approach to pricing the units that reflects local market trends or community amenities.

When evaluating rental pricing in a community, factors such as floor plans, nearby amenities, and overall demand can play a role in determining the average rent per square foot. A value like $1.30 could represent a competitive rate for the market segment, allowing for occupancy while also covering operational costs.

The other options reflect higher rent rates, which might not align with the pricing strategy or market analysis for this specific community. They could be indicative of markets with higher demand or premium amenities, but in this context, they don't match the calculated average rent per square foot for the community being discussed.