This office lease form describes provisions for using the area with respect to each office floor, mean the area within the exterior walls of the Building and, in the case of the lobby floor, the area within the demising walls of areas rented or to be rented which is considered floor area .
Wisconsin Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers: The Wisconsin provision, regarding the use of floor area as the measurement standard for Midtown Manhattan modern office towers, is a crucial aspect of urban planning and real estate development in the bustling metropolitan area. By establishing a standardized method of measuring and regulating floor area in office towers, this provision ensures fairness, transparency, and consistency in the construction and utilization of commercial spaces. In Midtown Manhattan, with its iconic skyline and concentration of prestigious corporations, Midtown office towers play a vital role in accommodating businesses, professionals, and employees. Therefore, it is imperative to have a unified system to determine and unify the measurement of floor areas in these modern office structures. This provision applies to different types of modern office towers found across Midtown Manhattan. These include: 1. High-rise Office Towers: These are the iconic skyscrapers that dominate the Midtown skyline, such as the Empire State Building, Chrysler Building, or the Bank of America Tower. The Wisconsin provision ensures that the floor area measurements in these high-rise office towers are accurately calculated and regulated, promoting fair space allocation and efficient urban planning. 2. Mixed-use Office Towers: Midtown Manhattan is known for its mixed-use developments, where office spaces are combined with retail, restaurants, and sometimes residential units. This provision takes into account the complex architectural design of mixed-use towers, ensuring that the floor area measurements accurately reflect the total usable space, accounting for all functions and uses. 3. LEED-Certified Green Buildings: With growing environmental consciousness, many modern office towers in Midtown Manhattan strives for LEED (Leadership in Energy and Environmental Design) certification. The Wisconsin provision considers sustainable design practices and green building features in determining the floor area measurements, promoting environmentally friendly development and energy-efficient usage. The Wisconsin provision emphasizes the use of floor area as the measurement standard for Midtown Manhattan modern office towers due to its simplicity and effectiveness. Floor area is calculated by measuring the usable space within the building, excluding mechanical floors, storage areas, and other non-occupiable spaces. This standardized method ensures consistency in measuring and comparing office spaces across different towers. By implementing this provision, urban planners, developers, and real estate professionals can accurately evaluate the efficiency and utilization of office spaces in Midtown Manhattan. Furthermore, it ensures fair competition among developers, as it eliminates potential inconsistencies or discrepancies in reporting floor areas, creating a level playing field for all stakeholders. In summary, the Wisconsin provision for measuring floor area in Midtown Manhattan modern office towers is a crucial element in the urban planning and real estate development landscape. It applies to various types of office towers, including high-rise buildings, mixed-use developments, and LEED-certified green buildings. By using floor area as the measurement standard, this provision promotes fairness, transparency, and consistency in the allocation and utilization of office spaces, contributing to the sustainable growth and development of Midtown Manhattan.Wisconsin Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers: The Wisconsin provision, regarding the use of floor area as the measurement standard for Midtown Manhattan modern office towers, is a crucial aspect of urban planning and real estate development in the bustling metropolitan area. By establishing a standardized method of measuring and regulating floor area in office towers, this provision ensures fairness, transparency, and consistency in the construction and utilization of commercial spaces. In Midtown Manhattan, with its iconic skyline and concentration of prestigious corporations, Midtown office towers play a vital role in accommodating businesses, professionals, and employees. Therefore, it is imperative to have a unified system to determine and unify the measurement of floor areas in these modern office structures. This provision applies to different types of modern office towers found across Midtown Manhattan. These include: 1. High-rise Office Towers: These are the iconic skyscrapers that dominate the Midtown skyline, such as the Empire State Building, Chrysler Building, or the Bank of America Tower. The Wisconsin provision ensures that the floor area measurements in these high-rise office towers are accurately calculated and regulated, promoting fair space allocation and efficient urban planning. 2. Mixed-use Office Towers: Midtown Manhattan is known for its mixed-use developments, where office spaces are combined with retail, restaurants, and sometimes residential units. This provision takes into account the complex architectural design of mixed-use towers, ensuring that the floor area measurements accurately reflect the total usable space, accounting for all functions and uses. 3. LEED-Certified Green Buildings: With growing environmental consciousness, many modern office towers in Midtown Manhattan strives for LEED (Leadership in Energy and Environmental Design) certification. The Wisconsin provision considers sustainable design practices and green building features in determining the floor area measurements, promoting environmentally friendly development and energy-efficient usage. The Wisconsin provision emphasizes the use of floor area as the measurement standard for Midtown Manhattan modern office towers due to its simplicity and effectiveness. Floor area is calculated by measuring the usable space within the building, excluding mechanical floors, storage areas, and other non-occupiable spaces. This standardized method ensures consistency in measuring and comparing office spaces across different towers. By implementing this provision, urban planners, developers, and real estate professionals can accurately evaluate the efficiency and utilization of office spaces in Midtown Manhattan. Furthermore, it ensures fair competition among developers, as it eliminates potential inconsistencies or discrepancies in reporting floor areas, creating a level playing field for all stakeholders. In summary, the Wisconsin provision for measuring floor area in Midtown Manhattan modern office towers is a crucial element in the urban planning and real estate development landscape. It applies to various types of office towers, including high-rise buildings, mixed-use developments, and LEED-certified green buildings. By using floor area as the measurement standard, this provision promotes fairness, transparency, and consistency in the allocation and utilization of office spaces, contributing to the sustainable growth and development of Midtown Manhattan.
