The square footage used to determine a tenant's base rent. Often a landlord uses a "rubber ruler" to increase the size of the space.
The portion of a rental property that may be leased to tenants.
The amount of space that is used in calculating your rent payment. Usually the rentable square feet ("RSF") is larger than the actual space you occupy (USF or usable square feet) because of the addition of your proportionate share of the building service areas such as lobbies, corridors and other common areas in the building. In some cases this is an actual measured amount, and in some cases it is just a estimated amount. This difference between "Usable Square Feet" and Rentable Square Feet is called the "Add on Factor" or Loss Factor. It is important to know what the loss factor is in order to determine the efficiency of the space leased. A "Loss Factor" of 20% means that for every 100 square feet you pay rent on, only 80 square feet is actually contained within your space.
in a building or project, floor space that may be rented to tenants. The area upon which rental payments are based. Generally excludes common areas and space devoted to the heating, cooling, and other equipment of a building.
useable space plus all that space shared among tenant, useable plus common areas
Usable square feet plus a percentage (the core factor) of the common areas on the floor, including hallways, bathrooms, telephone closets and sometimes main lobbies. Rentable square footage is the number of square feet on which a tenant's rent is based.
Usually the space measurement which incorporates both the "usable square foot" measurement as well as the common area. The proportional difference between usable and rentable is generally referred to as the "Loss Factor".
Usually the space measurement which incorporates both the "usable square foot" measurement as well as the common area. The difference between usable and rentable is generally between 10% - 15%.