Rentable Floor Area Definition

The floor net area is computed by subtracting shafts and exterior glazing from the floor gross area.

Rentable floor area definition. The floor rentable area is the tenant s pro rata portion of the entire office floor excluding elements of the building that penetrate through the floor to areas below. Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof. Rentable area means a in the case of premises used or intended to be used for office purposes and occupying an entire floor the floor area bounded by the inside surface of the glass on the exterior walls including without limitation washrooms telephone electrical and janitorial closets and elevator lobbies. The floor area within the inside perimeter of the exterior walls of the building under consideration exclusive of vent shafts and courts without deduction for corridors stairways closets the.

The rentable area of a floor is fixed for the life of a building and is not affected by changes in corridor sizes and configuration. The floor rentable area is computed by dividing the floor gross area by the building gross area multiplied by the apportioned total area plus the. An example of usable rentable and gross square footage on a floor with multiple tenants. With the same rental rate the tenant would pay more per month on his lease for option a at 6 000 rentable square feet.

Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. The rentable square footage is 5 750 sf 5 000 x 15 750. B in the case of premises. Simply stated rentable square footage is the area of the enclosed interior space of the building other than holes in the floor such as stairwells and elevator and mechanical duct space.

I net rentable area in the case of a full floor leased to a single tenant is determined by measuring from the inside surface of the outer pane of glass and extensions of the plane thereof in non glass areas to the inside surface of the opposite outer pane of glass and extensions of the plane thereof. Floor common area refers to areas common to all the tenants of a floor such as corridors elevator lobbies washrooms janitor closets telecommunications and utility areas. For full floor tenants the usable square feet extends to everything inside the boundaries of the floor including non usable areas like janitorial closets or mechanical and electrical rooms. Option b has less rentable square footage and thus would cost less per month for the same amount of usable space.

Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use. Net rentable area means the area or areas of space within the building determined as follows.