What is included in rentable area?

This common area can consist of a lobby, restrooms, hallways, shared kitchen space, but can include any type of shared space between tenants. Common area factors usually consist of 10% – 20% of the total rentable square footage (we’ll get to what that means soon), but that can vary depending on the building’s layout.

Does rentable square footage include interior walls?

Usable Square Footage or USF is the total usable floor area of a space or building. It is measured from the outside or outer surface of any exterior walls and windows, including the middle of any interior walls that are adjacent to other spaces, hallways or common areas. … (See Rentable Square Footage also).

Are stairs included in rentable area?

The floor of a stair tower and the pits of the elevator shaft, when found inside the enclosing walls, are part of the Major Vertical Penetration. However, if an area is not within the enclosing walls (such as a storage room under the stair tower), the area is part of the Rentable Area.

How do you calculate rental area?

How to Calculate Commercial Rent:
  1. Take Your Price Per Square Foot.
  2. Multiply That by Your Total Square Footage.
  3. That Gives You Your Total Annual Rent.
  4. Divide by Twelve for Monthly Rent.

How is BOMA rentable area calculated?

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.

Are exterior walls included in rentable square footage?

Usable Square Footage is measured from the outside or outer surface of any exterior walls and windows, including the middle of any interior walls that are adjacent to other spaces, hallways or common areas. … Measuring the interior walls of a space will not get you to an accurate measurement of USF.