How do you calculate rentable square footage?
Your rentable square footage is equal to your usable square footage plus your pro-rata share of the common areas of the building. To calculate it, you need to know the building’s total rentable area and its total usable area.
How do you calculate BOMA rentable square footage?
The BOMA Standards provide two methods of calculating Rentable Area. Only one method should be used throughout the entire building. In both methods, calculating the Rentable Area requires multiplying the total floor area by a ratio that represents the tenant’s portion of the floor.
What is the rentable square feet of an office with 6000 usable square feet and a 20% load factor?
Office Space #1: The first option has a 20% load factor. So, if you take the 5,000 usable square feet and multiply it by the load factor of 20%, you’d be left with an additional 1,000 sf of space. That’s what gets portioned in as rentable space, giving you a total of 6,000 rentable square feet.
What is the difference between USF and RSF?
RSF – Rentable Square Feet Rentable Square Feet is the metric that you pay for. It includes USF and a portion of building-common spaces. In some cities, RSF is just an inflated USF number, multiplied by a number called the building “load factor.” In a case where USF time 1.15 = RSF, the load factor would be 15%.
How is commercial lease square footage calculated?
To measure commercial square footage for a rectangular space, multiply the length of the room in feet by its width. For example, a room that is 12 feet long by 12 feet wide is 144 square feet.
What is included in rentable space?
Rentable square footage, which is the amount that your total rent will be based on, includes all of the usable square footage plus a percentage of the common areas in a building.
How is construction area calculated?
If the size of the plot or land being used for a project is 500 sq ft and the FAR determined for that particular city/locality is 1.5, then, the total floor area that can be constructed will be 750 sq ft (500×1.5) according to far calculation.
What is a boma area?
The BOMA Gross Areas Standard was developed in direct response to requests for a floor measurement standard that could be applied to all building types and forms of occupancy—office, industrial, retail, multi-unit residential, mixed-use and campus-style facilities.
What is the difference between rentable and usable square feet?
Usable square feet is the space a tenant can use and occupy and has possession of. Rentable square feet is a real estate term, usually used for commercial spaces, for the amount of square feet the rent is based on. This area includes space outside of the actual rented area including stairways, lobbies, corridors, etc…
Does rentable square footage include interior walls?
Architects and Tenants will often measure a space from the inside of all walls of the space and in doing so, will calculate a total square footage that is lower than the landlord’s calculation of the Leasable or Usable Square Footage.
What does RSF mean square feet?
Rentable Square Footage
Rentable Square Footage or RSF is the total square footage that equals the Usable Square Footage plus the tenant’s pro rata share of the Building Common Areas, such as lobbies, public corridors, hallways, restrooms, etc.
What does GSF mean in real estate?
(See figure 3-2 below) Definition. The sum of all areas on all floors of a building included within the outside faces of its exterior walls, including all vertical penetration areas, for circulation and shaft areas that connect one floor to another.