Quick Answer: What Is Rentable Sqft?

What does rentable square feet mean?

The rentable square footage comprises of the usable square footage plus a fraction of the building’s shared space.

The shared space constitutes the common areas of the building, including restrooms, shared hallways, elevators, stairwells, and storage rooms, cafeteria, lobby, fitness center etc..

What is the difference between USF and RSF?

Although this may seem pretty cut and dry there are actually two types of square feet that are reference in common commercial real estate transactions: RSF (Rentable Square Feet) and USF (Usable Square Feet). … USF refers to the square footage the tenant actually can “use” in their office space.

How is rentable area calculated?

To calculate rentable square footage for a smaller (less than full-floor) tenant, first multiply the usable square footage by the floor common factor, then multiply that result by the building common factor.

How are CAM charges calculated?

According to the National Association of Realtors, the most common way CAM charges are calculated is by determining each tenant’s pro rata share of square footage in the property. Each tenant then pays their share of the property’s expenses based on the amount of space they occupy.

What is RSF stand for?

Rentable Square FootageRentable 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.

How do you calculate building load factor?

First, find out how much total floor area a building has. Then, subtract the shared square footage to determine the usable square footage. The owner or owner’s agent should be able to give you these numbers. Then divide the total floor space by the USF to get the load factor.

What is leasable square footage?

Usable Square Footage can sometimes also be called Leasable Square Footage. Architects and Tenants will often measure a space from the inside of all the walls of a space, and in doing so, will calculate a square footage that is lower than the landlord’s calculation of the Leasable or Usable Square Footage.

How do you figure commercial square footage?

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.

How is loss factor calculated?

Mathematically, loss factor equals “the percentage difference between rentable area and usable area.” In other words, you can calculate loss factor by dividing the difference between the Rentable Square Footage (RSF) and the Usable Square Footage (USF) by the RSF.

What is the difference between the rentable and usable area called?

A helpful tool that tenants and landlords use to understand the difference between a facility’s rentable square feet and usable square feet is called the load factor.

How is useable square footage determined?

First, find the total floor area of a building. Then, subtract all shared square footage to get total usable square footage. (The owner or owner’s agent should be able to give you these numbers.) From there, divide the total floor space by the usable square footage, and you’ll have your load factor.

How do you calculate core factor?

The core factor can be calculated by dividing the rentable square footage by the usable square footage. It is imperative that we, as Tenant Rep’s educate our clients on understanding this number in order to allocate costs and compare different options.