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 .
Mississippi Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers
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Calculating Rentable Square Footage Your rentable square footage is equal to your usable square footage plus your pro-rata share of the common areas of the building. To arrive at the rentable square feet, refer to The Building Owners and Managers Association (BOMA) standard. Understanding Usable vs. Rentable Square Footage - iOptimize Realty ioptimizerealty.com ? blog ? usable-rentable... ioptimizerealty.com ? blog ? usable-rentable...
Rentable square feet (RSF) is a measure of area used to determine the amount of rentable space in a building or other property. It is calculated by multiplying the usable square feet (USF) of the property by the load factor, which is a percentage of the USF that can be rented out.
This ratio, or load factor, is determined by dividing the total rentable area by the total usable area. BOMA Standard. - Attorney James Kaklamanos Attorney James Kaklamanos ? boma_standard Attorney James Kaklamanos ? boma_standard
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. The Rentable Area of a building is fixed for the life of a building and is not affected by changes in corridor sizes and configuration. BOMA Measuring - Knowledge Base - Resources alliedcommercialrealestate.com ? resources ? boma alliedcommercialrealestate.com ? resources ? boma
BOMA Standards also use another metric, called the R/U Ratio. This the ratio of rentable space to usable space and you calculate it by dividing the former with the later. You get a number like 1.03 or 1.17. The higher this number is, the more rentable space is lost to common and service areas. How to measure an Owner/User building using BOMA ... CREOP ? Blog CREOP ? Blog
It is measured from the inside surface of exterior building walls and the office side of the walls of major penetrations. Unlike usable space, rentable space includes restrooms, electrical and mechanical rooms, janitorial rooms, elevator lobbies and public corridors. Rates are quoted on the basis of rentable area.
