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 The Mississippi Provision, specifically designed for Midtown Manhattan modern office towers, implements a unique measurement standard known as usable area. This provision aims to accurately determine the available space within these skyscrapers, taking into account various factors such as floor-to-ceiling heights, structural elements, and other technical requirements. By utilizing usable area as the measurement standard, property owners and tenants can have a more precise understanding of the actual space available for occupancy and use. Usable area, unlike other measurement standards such as rentable or leasable area, focuses on the space that is truly functional and usable within an office tower. It excludes areas that may have limited or restricted use due to the presence of columns, mechanical rooms, or other non-occupiable spaces. This approach provides a more accurate representation of the space that can be utilized by tenants for their day-to-day operations. Within Midtown Manhattan, various types of Mississippi Provision using usable area as the measurement standard are specifically tailored to cater to the diverse needs of businesses and organizations. These include: 1. Standard Office Tower Measurement: This type of Mississippi Provision applies to modern office towers in Midtown Manhattan. It establishes guidelines for measuring the usable area within these buildings, ensuring consistency and accuracy across the real estate market. It considers factors such as floor area, ceiling height, and specific exclusions to determine the usable area measurement. 2. Specialized Office Tower Measurement: Midtown Manhattan is home to a wide range of specialized office towers that cater to specific industries or organizations. The Mississippi Provision recognizes these unique requirements and tailors the usable area measurement guidelines accordingly. Whether it's a technology-focused tower with data centers or a medical office tower with specialized equipment, the provision ensures accurate measurements by incorporating industry-specific considerations. 3. Green Building Measurement: As sustainability and energy efficiency become increasingly important in the modern era, Midtown Manhattan hosts several green office towers. The Mississippi Provision acknowledges the specific design features and sustainable elements present in these buildings. It considers factors such as green technologies, energy-efficient systems, and eco-friendly materials when measuring the usable area, ensuring that the provision remains relevant in promoting environmental consciousness. The Mississippi Provision utilizing usable area as the measurement standard for Midtown Manhattan modern office towers facilitates transparency and clarity in the real estate market. By accurately representing the available space, property owners can attract tenants more effectively, while tenants can make informed decisions about their desired office space. This provision ensures fairness and precision in measuring the usable area, benefiting all stakeholders involved in the Midtown Manhattan office tower market.Mississippi Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers The Mississippi Provision, specifically designed for Midtown Manhattan modern office towers, implements a unique measurement standard known as usable area. This provision aims to accurately determine the available space within these skyscrapers, taking into account various factors such as floor-to-ceiling heights, structural elements, and other technical requirements. By utilizing usable area as the measurement standard, property owners and tenants can have a more precise understanding of the actual space available for occupancy and use. Usable area, unlike other measurement standards such as rentable or leasable area, focuses on the space that is truly functional and usable within an office tower. It excludes areas that may have limited or restricted use due to the presence of columns, mechanical rooms, or other non-occupiable spaces. This approach provides a more accurate representation of the space that can be utilized by tenants for their day-to-day operations. Within Midtown Manhattan, various types of Mississippi Provision using usable area as the measurement standard are specifically tailored to cater to the diverse needs of businesses and organizations. These include: 1. Standard Office Tower Measurement: This type of Mississippi Provision applies to modern office towers in Midtown Manhattan. It establishes guidelines for measuring the usable area within these buildings, ensuring consistency and accuracy across the real estate market. It considers factors such as floor area, ceiling height, and specific exclusions to determine the usable area measurement. 2. Specialized Office Tower Measurement: Midtown Manhattan is home to a wide range of specialized office towers that cater to specific industries or organizations. The Mississippi Provision recognizes these unique requirements and tailors the usable area measurement guidelines accordingly. Whether it's a technology-focused tower with data centers or a medical office tower with specialized equipment, the provision ensures accurate measurements by incorporating industry-specific considerations. 3. Green Building Measurement: As sustainability and energy efficiency become increasingly important in the modern era, Midtown Manhattan hosts several green office towers. The Mississippi Provision acknowledges the specific design features and sustainable elements present in these buildings. It considers factors such as green technologies, energy-efficient systems, and eco-friendly materials when measuring the usable area, ensuring that the provision remains relevant in promoting environmental consciousness. The Mississippi Provision utilizing usable area as the measurement standard for Midtown Manhattan modern office towers facilitates transparency and clarity in the real estate market. By accurately representing the available space, property owners can attract tenants more effectively, while tenants can make informed decisions about their desired office space. This provision ensures fairness and precision in measuring the usable area, benefiting all stakeholders involved in the Midtown Manhattan office tower market.
