This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
Chicago, Illinois, is a vibrant metropolis known for its rich history, diverse culture, and iconic architecture. As a city that constantly evolves, certain provisions are in place to measure additional or option space for various purposes. These provisions are critical in ensuring the effective use and allocation of space within the city. One such provision used in Chicago is the Floor Area Ratio (FAR). FAR is a zoning regulation that determines the maximum amount of floor area permitted on a given plot of land, relative to the lot of size. It measures the ratio between the total building floor area to the area of the lot. This provision is crucial in maintaining consistent building density and preventing overcrowding in the city. In addition to FAR, the city of Chicago also employs the Setback requirements. Setbacks establish the minimum distance a building must be set back from property lines, the street, or other buildings. Building setbacks help maintain a balanced streets cape and ensure that structures do not encroach upon public spaces or neighboring properties. By mandating setbacks, the city can preserve access to natural light, airflow, and privacy, while enhancing the overall aesthetic appeal of the cityscape. Moreover, Chicago utilizes the Planned Development (PD) process for measuring additional or option space in specific areas. PD's are customized zoning districts that allow for flexibility in land use regulations and can accommodate unique development projects. PD's are designed to encourage innovative architecture, promote mixed-use developments, and create vibrant spaces that meet the specific needs of the community. Another provision related to measuring additional or option space in Chicago is the Bonus Development Program. This program allows developers to exceed certain zoning regulations, such as FAR or building height, in exchange for providing specific public benefits. These benefits may include the provision of affordable housing units, public plazas, or funding for public infrastructure improvements. The Bonus Development Program encourages the creation of developments that positively impact the community and enhance the overall quality of life in Chicago. In summary, Chicago Illinois implements several provisions used for measuring additional or option space. These include Floor Area Ratio, Setback requirements, Planned Developments, and the Bonus Development Program. Each provision serves a unique purpose in regulating building density, preserving public spaces, promoting innovation, and ensuring the overall well-being of the city and its residents.Chicago, Illinois, is a vibrant metropolis known for its rich history, diverse culture, and iconic architecture. As a city that constantly evolves, certain provisions are in place to measure additional or option space for various purposes. These provisions are critical in ensuring the effective use and allocation of space within the city. One such provision used in Chicago is the Floor Area Ratio (FAR). FAR is a zoning regulation that determines the maximum amount of floor area permitted on a given plot of land, relative to the lot of size. It measures the ratio between the total building floor area to the area of the lot. This provision is crucial in maintaining consistent building density and preventing overcrowding in the city. In addition to FAR, the city of Chicago also employs the Setback requirements. Setbacks establish the minimum distance a building must be set back from property lines, the street, or other buildings. Building setbacks help maintain a balanced streets cape and ensure that structures do not encroach upon public spaces or neighboring properties. By mandating setbacks, the city can preserve access to natural light, airflow, and privacy, while enhancing the overall aesthetic appeal of the cityscape. Moreover, Chicago utilizes the Planned Development (PD) process for measuring additional or option space in specific areas. PD's are customized zoning districts that allow for flexibility in land use regulations and can accommodate unique development projects. PD's are designed to encourage innovative architecture, promote mixed-use developments, and create vibrant spaces that meet the specific needs of the community. Another provision related to measuring additional or option space in Chicago is the Bonus Development Program. This program allows developers to exceed certain zoning regulations, such as FAR or building height, in exchange for providing specific public benefits. These benefits may include the provision of affordable housing units, public plazas, or funding for public infrastructure improvements. The Bonus Development Program encourages the creation of developments that positively impact the community and enhance the overall quality of life in Chicago. In summary, Chicago Illinois implements several provisions used for measuring additional or option space. These include Floor Area Ratio, Setback requirements, Planned Developments, and the Bonus Development Program. Each provision serves a unique purpose in regulating building density, preserving public spaces, promoting innovation, and ensuring the overall well-being of the city and its residents.
