Rentable area. How is this calculated?Rentable area. Tenants are often puzzled by the differing areas of space that are leased to them.Many in fact never realize that the usable area - the area that they actually occupy and use is not the area upon which they pay. Landlords routinely quote a larger figure for space to tenants seeking space in office buildings without mentioning that it is not the usable area. However this area is often grossed up (the gross-up) or loaded up (the load factor) both of which mean the saem thing, by a percentage factor. This gross up or load factor can differ from building to building or even floor to floor in a building as common areas including hallways are included in the gross up percentage. Spoace inefficent buildings with large lobbies or small floorplates or floors with lots of corridors can have less usable space than a more efficient building. This is why it's a good idea to have a floor plan drawn up which envisions your office setup before leasing space. Once building may turn out to have a lower rent but end up costing you more.
|
FREE Get Listings from ALL the Real Estate Companies
Or Call Now
416-410-1080
Buy Anthony's Book at Amazon.com
Instant PDF Download $14.95 Money Back Guarantee
Or Buy from Apple Itunes
Here's what some of my clients say about me
Reducing Risk"one clause in our lease was so seriously detrimental that it meant that we could have lost our entire investment in leasehold improvements and we would have had to start over again in another location. "
Rob Li Toronto
Reducing Rent
"savings of approximately $5 million dollars"
Harlequin Enterprises
"reduced rental costs by $500,000"
Victorian Order of Nurses
"reduced our rent by $19.00 per foot"
Canadian International (C.I. Funds)
Knows What He is Doing
He is extremely knowledgeable and dedicated. It’s is pleasure to work with him and I would definitely use his services again.
Michael Chorr, PartnerBenefact Consulting
"best invention since spaghetti when it comes to real estate"
BDP International Customs Brokers
Commercial Real Estate in Toronto. Commercial Tenant Strategies Inc.
2592 Bayview Avenue, Toronto, ON M2L 1B3
(416) 410-1080