This office lease form describes provisions for using the area in the case of a single tenancy floor, within the exterior walls of the New Building, or, in the case of a multiple occupancy floor, within the exterior walls, party walls or corridor walls which is considered to be usable area .
The Arkansas Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers is a policy that governs the measurement and calculation method for determining the usable area of office spaces in Midtown Manhattan. This provision is essential for developers, architects, real estate agents, and tenants in understanding the actual usable space available for office operations. Under this provision, the usable area of office spaces is determined by specific guidelines set forth by the Arkansas government. These guidelines define the measurement standard and criteria used to calculate the usable area accurately, ensuring consistency and transparency in the real estate market. The Arkansas Provision recognizes that Midtown Manhattan is a highly sought-after location for modern office towers. With limited available space and increasing demand, it becomes crucial to accurately measure and communicate the usable area, enabling fair lease agreements, property valuation, and efficient space planning. The provision takes into consideration various factors in determining the usable area. These include factors such as space for desks, workstations, conference rooms, storage areas, circulation paths, and common areas. It also accounts for structural elements, utilities, and amenities that directly contribute to office operations, while excluding non-usable spaces like staircases, elevator shafts, and mechanical rooms. By using usable area as the measurement standard, the Arkansas Provision ensures that tenants get what they pay for and are not misled by false or ambiguous measurements. It promotes fairness and transparency in the commercial real estate market, enabling tenants to make informed decisions based on accurate measurements and understand their spatial requirements. Different types of Arkansas Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers may include specific guidelines for different types of office spaces. For example, guidelines may vary for high-rise buildings, low-rise buildings, multi-tenant buildings, single-tenant buildings, or buildings with unique architectural features. Each type may have specific regulations regarding the calculation and reporting of usable area to maintain consistency across the market.
