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## How do you calculate net rentable area?

Generally it is the gross area of the full floor less the area of all vertical penetrations (elevator shafts, stairwells, mechanical shafts etc.) Rentable area can be measured in many ways, but the most common measurement for office buildings is according to BOMA standards.

## How is rentable space calculated?

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. Then, you multiply the total common area (8,000 sf) by your pro-rata share of 10%.

## How do you measure land using GPS?

How to use: Simply press the green button “GPS WALK” and start walking. Now walk along the border of the area. If there is any obstruction just press “PAUSE” and move on to the next accessible point.

## What is net rentable square feet?

Net Rentable Square Feet: Net rental square feet is a term that combines usable square feet plus a portion of the common area. The difference between usable square feet and net rental square feet is generally between 10% and 15%, with rentable square feet reflecting a higher cost than usable square feet.

## What is the difference between gross area and rentable area?

Gross building area typically includes all heated and cooled areas. Net rentable area is actual square footage of a building that may be leased or rented to tenants; the area upon which the lease or rental payments are computed.

## What is the meaning of net rentable area?

Building’s actual square-unit ready for lease or rent to tenants. This is the area used to compute expected lease or rental payments. Common areas, elevator shafts, stairways, and space devoted to cooling, heating, or other equipment are typical excluded areas.

## How do I calculate square footage from gross?

Calculating gross square footage is simple. Calculate the exterior dimensions of your building, as demonstrated in the above graphic. Measure the length and width of the building’s walls. Multiply the length and width measurements to find square footage.

## How do you calculate building load factor?

In short, the load factor is the percentage of space on a floor or building that is not usable and is expressed using the simple formula of rentable area divided by useable area minus one.

## How do I calculate gross square footage?

## Does usable square footage include columns?

Usable Square Feet For a partial-floor lease, this includes all office space plus any storage or private restrooms. There are no exclusions for columns, recessed entries, or the like, either–column space is fair game in the calculation of total usable square feet.

## Is the net rentable area the same as the gross area?

Net Rentable Area. (Same as Rentable Area). The area (square footage) for which rent can be charged. Generally it is the gross area of the full floor less the area of all vertical penetrations (elevator shafts, stairwells, mechanical shafts etc.) Rentable area can be measured in many ways, but the most common measurement for office buildings is…

## How is the rentable area of a house calculated?

Gross-Up Factor Formula Your Landlord calculates your rentable area by using what’s called a ‘gross-up factor’ (also known as a ‘common area factor’ or ‘load factor’). The gross-up factor is then multiplied by your usable area to calculate your rentable area. Here’s the formula used to calculate your rentable area:

## How is gross-up factor used to calculate rentable area?

The gross-up factor is then multiplied by your usable area to calculate your rentable area. Here’s the formula used to calculate your rentable area: So, if your usable area is 5,000 sq. ft. and the gross-up is 12% (12% of the total building area is common space); your rentable area would be:

## How to calculate rentable square footage for an office?

The first suite has 5,000 usable square feet and has a 20% building load factor for an additional 1,000 sq. ft (5000 x 20%) of rentable space. Thus, the rentable square feet is 6,000 square feet. The second office has 5,000 usable square feet and a 15% load factor. The rentable square footage is 5,750 sq. ft (5,000 x .15 = 750).