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 .
Chicago Illinois Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers: Chicago Illinois Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers is a set of guidelines established by the city of Chicago, Illinois, for determining the usable area of office space in Midtown Manhattan's modern office towers. This provision aims to provide transparency and accuracy in measuring the usable space in these high-rise buildings. The provision takes into account the specific needs and requirements of businesses operating in modern office towers, ensuring that the office space is accurately measured to accurately determine lease prices, rental values, and overall efficiency. It provides a standardized methodology for measuring usable area, which is crucial for tenants, landlords, and real estate professionals when negotiating lease agreements and evaluating properties in Midtown Manhattan. By utilizing usable area as the measurement standard, Chicago Illinois aims to eliminate discrepancies and inconsistencies that may arise due to differing calculation methods used by landlords. This provision ensures a fair and uniform method of measurement that enables all parties involved to make informed decisions based on accurate and reliable data. The Chicago Illinois Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers includes guidelines for measuring various types of office spaces found in these high-rise buildings. These may include: 1. Standard Office Space: Refers to traditional office layouts with separate rooms or cubicles, where the usable area is determined by measuring the enclosed spaces. 2. Open-Plan Office Space: Refers to office layouts without walls or partitions, where usable area is measured based on the total floor space occupied by desks, workstations, and shared areas. 3. Flex Office Space: Refers to versatile office layouts that can be easily reconfigured to accommodate changing workspace needs. The usable area may be measured differently for different configurations to ensure accuracy. 4. Shared Facilities: Includes common areas such as conference rooms, reception areas, restrooms, and hallways. Usable area here is determined by measuring the actual usable space and not including any structural support, maintenance, or utility areas. 5. Amenities: In certain modern office towers, additional amenities may be provided, such as gyms, cafeterias, or lounges. The usable area for these spaces is measured separately to determine their value and potential usage. It's important to note that while these guidelines provide a standardized approach for measuring usable area in Midtown Manhattan's modern office towers, the final measurements may still be subject to verification and approval by authorized professionals or agencies. Nonetheless, this provision serves as a valuable tool for ensuring transparency, accuracy, and fairness in the leasing and evaluation of office space in this vibrant business district.Chicago Illinois Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers: Chicago Illinois Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers is a set of guidelines established by the city of Chicago, Illinois, for determining the usable area of office space in Midtown Manhattan's modern office towers. This provision aims to provide transparency and accuracy in measuring the usable space in these high-rise buildings. The provision takes into account the specific needs and requirements of businesses operating in modern office towers, ensuring that the office space is accurately measured to accurately determine lease prices, rental values, and overall efficiency. It provides a standardized methodology for measuring usable area, which is crucial for tenants, landlords, and real estate professionals when negotiating lease agreements and evaluating properties in Midtown Manhattan. By utilizing usable area as the measurement standard, Chicago Illinois aims to eliminate discrepancies and inconsistencies that may arise due to differing calculation methods used by landlords. This provision ensures a fair and uniform method of measurement that enables all parties involved to make informed decisions based on accurate and reliable data. The Chicago Illinois Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers includes guidelines for measuring various types of office spaces found in these high-rise buildings. These may include: 1. Standard Office Space: Refers to traditional office layouts with separate rooms or cubicles, where the usable area is determined by measuring the enclosed spaces. 2. Open-Plan Office Space: Refers to office layouts without walls or partitions, where usable area is measured based on the total floor space occupied by desks, workstations, and shared areas. 3. Flex Office Space: Refers to versatile office layouts that can be easily reconfigured to accommodate changing workspace needs. The usable area may be measured differently for different configurations to ensure accuracy. 4. Shared Facilities: Includes common areas such as conference rooms, reception areas, restrooms, and hallways. Usable area here is determined by measuring the actual usable space and not including any structural support, maintenance, or utility areas. 5. Amenities: In certain modern office towers, additional amenities may be provided, such as gyms, cafeterias, or lounges. The usable area for these spaces is measured separately to determine their value and potential usage. It's important to note that while these guidelines provide a standardized approach for measuring usable area in Midtown Manhattan's modern office towers, the final measurements may still be subject to verification and approval by authorized professionals or agencies. Nonetheless, this provision serves as a valuable tool for ensuring transparency, accuracy, and fairness in the leasing and evaluation of office space in this vibrant business district.
