While it may not appear too frequently in tenant transactions, it is still worthwhile to understand.We hope this article has helped clear up any questions you may have had about the differences between usable, rentable and gross square feet. Property owners You get the load factor when you divide the rentable square feet of the entire building by its usable square feet. All three terms could be included in your lease, but only one is used to calculate your true annual rent expense.In this article, we will explain the difference between usable, rentable and gross square feet, and why it matters.The usable square feet of a space is defined as the total area unique to the tenant.

Because the rentable square feet is often higher than the usable for a space, it is imperative that you use the correct measurement when evaluating your budget.A helpful tool that tenants and landlords use to understand the difference between a facility’s rentable square feet and usable square feet is called the load factor.

For tenants leasing an entire floor or several floors, the usable square footage would include the hallways and restrooms exclusively serving their floor(s).

The shared space constitutes the common areas of the building, including restrooms, shared hallways, elevators, stairwells, and storage rooms, cafeteria, lobby, fitness center etc.

It includes everything accounted for in usable and rentable square feet, along with building core, elevator shafts and other areas of the building that are used for maintenance and operations. Other non-occupiable usable area, it is assumed, is prorated to the building (Building Amenity Area). Leasable/rentable square footage includes what is called a load factor, which includes shared common space ie. Leasable/Rentable vs Usable. Reduce your existing commercial real estate spend during COVID-19.The world of commercial real estate has its own (often confusing) language, there are certain terms, like usable vs rentable square feet that you need to understand in order to be a more Being able to make sense of usable vs rentable square feet is vital for knowing how much space you are really going to get when you The usable square footage in an office refers to the space that will be used exclusively by your company. To do this calculation, simply multiply your rentable square feet with The most important difference to understand between usable and rentable square feet is that it is the rentable, not the usable, that will be used to calculate your annual rent expense. The Rentable area scheme is modifiable. Obviously this includes all of the Whether certain types of spaces are counted as usable might depend on whether or not a company has an entire floor to itself. You’ll need to use elevators, hallways and stairways, which all require maintenance.The call of nature has to be answered every now and then, so the need for your employees to use restrooms will suffice.The availability of a pleasant lobby on the ground floor will enhance your visitor’s perception about your business.Without an office kitchen, you’ll find the services of a cafeteria in the building handy.In other words, common areas attract certain costs, including maintenance and repair costs.
Hi all, Doing more BOMA calcs via revit.
jacquline isom on September 5, 2015 at 7:46 am we rent a small office space but are wanting to expand well the landlord is wanting to charge us extra to move a partition … The calculation of Rentable Area utilizes only the Occupant Area portion of Usable Area. The common area can include the fitness area, lobby space, meeting space, or other open areas.

Read Next: Your Guide to the Elements of a Commercial Lease (Terms, Definitions)

I realize the room tool will give me a usable, inside wall area.

Rentable Area This method measures the tenant's pro rata portion of the entire office floor, excluding elements of the building that penetrate through the floor to areas below. By stefan.l in forum Revit Architecture - General Rentable: Area measurements based on the standard method for measuring floor area in office buildings.


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