Missouri Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers

State:
Multi-State
Control #:
US-OL301A
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Word; 
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Description

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.

How to fill out Provision Using Usable Area As The Measurement Standard For Midtown Manhattan Modern Office Towers?

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FAQ

Calculating Usable Square Footage Your usable square footage is the actual area of your space as measured within the demising exterior walls of your suite. If you have a 200-foot by 200-foot rectangular space, you would multiply the 200 feet of length by the 200 feet of width to come up with 40,000 usable square feet.

The Usable Area of an office is computed by measuring to the finished surface side of the office side of corridor and other permanent walls, to the center of the partitions that separate the office from adjoining Usable Areas, and to the inside finished surface of the dominant portions of the permanent outer building ...

Usable Square Footage or USF is the total usable floor area of a space or building. Usable Square Footage is measured from the outside or outer surface of any exterior walls and windows, including the middle of any interior walls that are adjacent to other spaces, hallways or common areas.

Calculating usable square footage should be your first step. You need to find the building's total floor area then subtract all shared square footage to get your total usable square footage.

The usable area is measured from one of three points: The office side of the common corridor wall. The inside of the external wall of the building. The middle of partition wall, separating two adjacent tenant spaces.

The Rentable Area of floor area shall be computed by measuring to the inside finished surface of the dominant portions of the permanent outer building walls, excluding any major vertical penetrations of the floor. No deduction shall be made for columns and projections necessary to the building.

Rentable square feet is defined as the usable square feet plus a portion of the building's common space. Common spaces are areas usable by all tenants in the building and include, but are not limited to, hallways, lobbies, public restrooms, and fitness facilities.

Usable Square Footage or USF is the total usable floor area of a space or building. It is measured from the outside or outer surface of any exterior walls and windows, including the middle of any interior walls that are adjacent to other spaces, hallways or common areas.

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Missouri Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers