Aug
17

Do You Know the Difference Between Rentable and Usable Square Footage”

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tape measureThere are a lot of different concepts when it comes to commercial real estate, but few of them are as confusing to both tenants and real estate agents as the way to measure office space for rent. Knowing the difference between rentable and usable square feet can spell the difference between getting a great deal on your office space, or paying more for space you generally don’t use much. However, to make is a little easier to understand the most common rule of thumb in determining the amount of rent to be paid for an office space is usable square footage plus the tenant’s share of common area for the building. But what do those terms really mean?

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